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Which among the following are Bretton Woods Institutions? a. International Monetary Fund b. World Trade Organisation c. International Labour Org
Question

Which among the following are Bretton Woods Institutions?
a. International Monetary Fund
b. World Trade Organisation
c. International Labour Organisation
d. International Bank for Reconstruction and Development

A.

(a) and (b)

B.

(a) and (d)

C.

(b) and (c)

D.

(c) and (d)

Correct option is B

The correct answer is (2) (a) and (d).
Explanation:
● The IMF (International Monetary Fund) and the IBRD (now part of the World Bank) are known as the Bretton Woods Institutions.
● They were established following the Bretton Woods Conference in 1944.
● These organizations were created to help rebuild the postwar economy and promote international economic cooperation.
Information Booster:
● Both institutions are headquartered in Washington, D.C.
● The World Trade Organization (WTO) is not a Bretton Woods institution; it was established in 1995 as a successor to GATT.
Additional Knowledge:
● International Labour Organisation (ILO) – Established in
● IBRD stands for International Bank for Reconstruction and Development.

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