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Bretton Woods

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Bretton Woods

Township in New Hampshire, USA, where the United Nations Monetary and Financial Conference was held in 1944 to discuss post-war international payments problems. The agreements reached on financial assistance and measures to stabilize exchange rates led to the creation of the International Bank for Reconstruction and Development (World Bank) and the International Monetary Fund (IMF).

There were 44 nations represented at the conference, which considered proposals by the US, UK, and Canadian governments. The IMF became a specialized agency of the UN in 1947. The ‘Bretton Woods’ system was based on a policy of fixed exchange rates pegged to the dollar, the elimination of exchange restrictions, currency convertibility, and a multilateral system of international payments.



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The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary
Correa calls for new finance system by Aljazeera.net
Aimed at revitalizing the world economy struggling to stand on its feet after the economic crisis of the 1930s and the devastation of World War II, the Bretton Woods conference was conceived in good faith by economists with vision and a genuine desire to bolster the world economy through peace and development.
Bretton Woods ghost at G20: It's hegemony, stupid by Sri Lanka Daily Mirror (Colombo, Sri Lanka)
name commonly given to the United Nations Monetary and Financial Conference, held (July 1–22, 1944) at Bretton Woods, N.
Germany : German President calls for new financial order by TendersInfo
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