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At Bretton Woods in New Hampshire, United States, a conference was convened in July ____ to discuss foreign surpluses and deficits.

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Detailed Solution

At Bretton Woods in New Hampshire, United States, a conference was convened in July 1944 to discuss foreign surpluses and deficits. The World Bank and the International Monetary Fund(IMF) are the Bretton Woods Institutions, sometimes known as the Bretton Woods twins. They were established in July 1944 during a meeting of 43 countries in Bretton Woods, New Hampshire, USA. Member countries agreed to form a family of institutions to address important concerns in the global financial system in the post-World War II era.

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