Multilateral economic cooperation among countries was crucial for the post-war world economies. Countries sought to establish an international monetary and financial system that fostered cooperation and growth among the

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The Bretton Woods Conference had three main results: (1) Articles of Agreement to create the IMF, whose purpose was to promote stability of exchange rates and financial flows. (2) Articles of Agreement to create the IBRD, whose purpose was to speed reconstruction after

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The seminal idea behind the Bretton Woods Conference was the notion of open markets. In his closing remarks at the conference, its president, U.S. Treasury Secretary

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The highest body of the Bretton Woods Conference was the plenary session, which met only in the first and last days of the conference and existed mainly to confirm decisions reached

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The need for post-war Western economic order was resolved with the agreements made on monetary order and open system of tradeat the 1944 Bretton Woods Conference. These

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International Trade Organization
The Bretton Woods Conference recommended that participating governments reach agreement to reduce obstacles to international

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The Bank for International Settlements (BIS) became an object of scrutiny when the Norwegian delegation put forth evidence that the BIS was involved in war crimes.
The BIS, formed in 1930, was originally primarily intended to

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