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Q101 (IAS/2008) International Relations & Global Affairs › International Organisations & Groupings › International financial institutions Answer Verified

How is the United Nations Monetary and Financial Conference wherein the agreements were signed to set up IBRD, GATT and IMF, commonly known?

Result
Your answer: —  Â·  Correct: B
Explanation

The United Nations Monetary and Financial Conference is the formal name for the 1944 gathering held at Bretton Woods, New Hampshire; it is commonly referred to as the Bretton Woods Conference. Delegates from 44 allied nations met in July 1944 to design the post‑war international monetary and financial order, and the conference produced the agreements that established the International Bank for Reconstruction and Development (IBRD) and the International Monetary Fund (IMF) [1]. The IMF's Articles of Agreement explicitly state they were adopted at the United Nations Monetary and Financial Conference (Bretton Woods) on July 22, 1944, confirming the association of the name with Bretton Woods [2]. Therefore the correct choice is option 2.

Sources

  1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > CHAPTER SUMMARY > p. 552
  2. [2] https://www.imf.org/external/pubs/ft/aa/index.htm
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