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Which one of the following body is not associated to Bretton Woods institutions ?

Which one of the following body is not associated to Bretton Woods institutions ? Correct Answer United Nations

The correct answer is United Nations.

Key Points

  • The United Nations is not associated to Bretton Woods institutions.
  • The Bretton Woods Institutions were set up at a meeting of 43 countries in Bretton Woods, New Hampshire, USA in July 1944.
  • Their aims were to help rebuild the shattered post-war economy and to promote international economic cooperation.
  • The goal of the meeting was to establish a framework for economic cooperation and development that would lead to a more stable and prosperous global economy.
  • WTO, IMF, and World Bank are Bretton Woods institutions.
  • Under the Bretton Woods System, gold was the basis for the U.S. dollar and other currencies were pegged to the U.S. dollar’s value.
  • The Bretton Woods System effectively came to an end in the early 1970s when President Richard M. Nixon announced that the U.S. would no longer exchange gold for U.S. currency. 
  • The IMF and World Bank collaborate on a routine basis and at many levels to assist member countries, including joint participation in several initiatives.

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