Is it true that the World Bank and the IMF were established after the Second World War?

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Detailed Solution

The above statement is True.
The World Bank and the IMF were established after the Second World War.
The two institutions, IMF and the World Bank, were founded in 1944 at the Bretton Woods Conference. The World Bank assists developing nations in reducing poverty and increasing shared prosperity. It also helps governments with finance and policy advice and focuses on developing the private sector in developing countries. Meanwhile, the International Monetary Fund/IMF stabilises the international monetary system and monitors global currencies. It also monitors the global economy and its members' economies and lends to countries with balance-of-payments problems.

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