IMF and World Bank are also known as[[1]].

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IMF and World Bank are also known as Bretton woods Twins. The Brettonwood Twins were created to aid the reconstruction of Europe after World War II. They were designed to satisfy the financial demands of industrialised nations. As a result, they weren't equipped to handle the difficulties presented by the former colonies' poverty and lack of development. Fortunately, the economies of Europe and Japan quickly recovered, and their reliance on the IMF and the World Bank decreased. Even though the West and Japan saw unheard-of growth, nothing was done to address the poverty and lack of progress in the former colonies. As a result, the IMF and World Bank started concentrating more on emerging nations.

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