The pillars of the international monetary system continue to be the __________ and the World Bank.

Question

Quizplus · Accepted Answer

The International Monetary Fund (IMF) and the World Bank were established at the Bretton Woods Conference in 1944 and have remained the pillars of the international monetary system ever since. The IMF is responsible for promoting international monetary cooperation and exchange rate stability, while the World Bank provides financial and technical assistance to developing countries. The International Trade Organization was proposed at Bretton Woods but was never established, and the Organization of Petroleum Exporting Countries and World Trade Organization are not directly involved in the international monetary system.

The Pillars of the International Monetary System Continue to Be