James

Definition

The Bretton Woods Institutions are a group of financial entities established in 1944 to help manage international monetary cooperation and foster global economic stability. The primary institutions include the International Monetary Fund (IMF) and the World Bank.

Related terms

International Monetary Fund (IMF): An international organization that works to stabilize currency exchange rates and provides financial assistance to countries facing economic difficulties.

World Bank: A global financial institution that provides loans and grants to countries for development projects aimed at reducing poverty.

Exchange Rate System: A system used to determine how much one country's currency is worth in terms of another's, which can be influenced by decisions made by the Bretton Woods Institutions