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Q.

The ____ was set up to finance post-Second World War reconstruction.


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Detailed Solution

The World Bank was set up to finance post-Second World War reconstruction. The IMF and the World Bank were established after the Bretton Woods Agreement. The Bretton Woods Agreement established the IMF (International Monetary Fund) and World Bank as Bretton Woods Institutions in 1945. The Bretton Woods Conference was held at Bretton Woods in New Hampshire, USA. The IMF was created to monitor exchange rates and help countries with trade deficit accounts. The World Bank was formed to provide loans to nations for economic development.
 
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The ____ was set up to finance post-Second World War reconstruction.