Which of the followings are called Brettonwoods Twins?
IMF & International Bank for Reconstruction and Development (IBRD)
Correct AnswerIMF & World Trade Organisation
Incorrect AnswerIBRD & World Trade Organisation
Incorrect AnswerNone of the above
Incorrect AnswerExplanation:
IMF & IBRD was founded altogether in 1946 in the US. This is why they are called Brettonwoods Twins.
The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
The International Bank for Reconstruction and Development (IBRD) is an international financial institution, established in 1944 and headquartered in Washington, D.C., United States, that is the lending arm of World Bank Group. The IBRD offers loans to middle-income developing countries.
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