About the Bretton Woods institutions
The Bretton Woods institutions were created in Bretton Woods, New Hampshire in 1944 during the United Nations Monetary and Financial Conference at the Mount Washington Hotel. At the conference, member nations agreed to create a family of institutions to address critical issues in the international financial system.
International Monetary Fund – An international organization working to maintain global financial stability through technical assistance, training, and loans to member states.
World Bank Group – An international organization consisting of five agencies which provides vital financial and technical assistance to developing countries around the world to reduce global poverty.
International Finance Corporation – An agency within the World Bank Group providing financing and technical assistance to the private sector in developing nations.
Multilateral Investment Guarantee Agency – An agency within the World Bank Group which promotes foreign direct investment in developing countries by providing non-commercial risk insurance to private sector cross-border investors.
International Center for the Settlement of Investment Disputes – An autonomous international institution within the World Bank Group which seeks to remove major impediments to the free international flow of private investment posed by non-commercial risks and the absence of specialized international methods for investment dispute settlement.
World Trade Organization – An independent international organization providing a forum to negotiate and adjudicate the rules of trade between its member states.
African Development Bank – An institution that works to promote both public and private investment and economic development in Africa, as well as provide financial and technical assistance to its member states.
Asian Development Bank – An institution providing financial and technical assistance to public and private development projects in Asia and the Pacific.
European Bank for Reconstruction and Development – An institution that provides financial and technical assistance primarily to private-sector businesses in Central and Eastern Europe and Central Asia in order to promote transition to open and democratic market economies.
Inter-American Development Bank – An institution that provides financial and technical assistance to public and private development projects in Latin America.