Of the three pillars that came out of the Bretton Woods Conference, which institution was designed to reconstruct the western European countries in the wake of the infrastructural devastation caused by the World War II?

Question

Quizplus · Accepted Answer

The World Bank was primarily designed to finance the reconstruction of western European countries after World War II, as well as other infrastructure projects around the world. The IMF was designed to maintain international monetary stability and provide loans to countries facing balance of payment difficulties. The GATT (General Agreement on Tariffs and Trade) was designed to promote free trade among member nations. The ITO (International Trade Organization) was never fully implemented and therefore, did not become a pillar of Bretton Woods.

Of the Three Pillars That Came Out of the Bretton