Bretton Woods map
IMF- International Monetary Fund
Brendon Woods agreement
goal
The International Monetary Fund (IMF) is an international organization that promotes global economic growth and financial stability, encourages international trade, and reduces poverty.
The Bretton Woods agreement was created in a 1944 conference of all of the World War II Allied nations. It took place in Bretton Woods, New Hampshire.
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Under the agreement, countries promised that their central banks would maintain fixed exchange rates between their currencies and the dollar.
Replacing the Gold Standard
Before Bretton Woods, most countries followed the gold standard.
That meant each country guaranteed that it would redeem its currency for its value in gold.
World Bank
GATT
WTO
The 1944 Bretton Woods Conference established The World Bank. Its loans helped European countries rebuild after World War II.29 That made it the world's first multilateral development bank
founded at the Bretton Woods Conference in 1944
The term “World Bank” generally refers to the IBRD and IDA, whereas the World Bank Group is used to refer to the institutions collectively. Governments can choose which of these agencies they sign up to individually. The IBRD has 185 member governments and other institutions have between 140 and 176 members.
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It monitors global conditions and identifies risks among its member countries.
It advises its members on how to improve their economies.
It provides technical assistance and short-term loans to prevent financial crises. The IMF's goal is to prevent these disasters by guiding its members.
189 members, it is located on Washington D. C., USA
Has Mexico benefited from the work of any of these institutions?
yes, Mexico became a member of the International Monetary Fund on December 31, 1945, four days after the official establishment of the IMF. Since 1945, it has reached 8.912 billion special drawing rights (SDRs)
The General Agreement on Tariffs and Trade (GATT), signed on October 30, 1947, by 23 countries, was a legal agreement minimizing barriers to international trade by eliminating or reducing quotas, tariffs, and subsidies while preserving significant regulations.
GATT has been refined since its initial introduction and eventually led to the creation of the World Trade Organization on Jan. 1, 1995 with 123 member countries.
Headquarters of the World Bank in Washington, DC.
Most of the organizations were created with the idea of helping the world, most focuse on monetary issues, they provide help in different ways, but all changes are for the better.
Created in 1995, the World Trade Organization (WTO) is an international institution that oversees the global trade rules among nations. It superseded the 1947 General Agreement on Tariffs and Trade(GATT) created in the wake of World War II.
Today, there are 164 member countries.
Originaly 23 countries signed the agreement
Geneva, Switzerland. The headquarters are situated explicitly in the Center William Rappard which serves as the home of the World Trade Organization.