The International Monetary Fund and the precursor to the World Bank were created to

Question

Quizplus · Accepted Answer

The International Monetary Fund (IMF) and the precursor to the World Bank were created to prevent inflation by promoting international monetary cooperation, exchange rate stability, and providing resources to member countries experiencing balance of payments difficulties. While they may have engaged in other activities (such as food and medical relief supplies), their primary purpose was to address economic issues. The Marshall Plan was a US-led initiative to rebuild Western Europe after World War II and was not directly related to the creation of the IMF or World Bank. The maintenance of peace was not their primary mandate.

The International Monetary Fund and the Precursor to the World