The World Bank was created to work with [[1]] to reduce poverty and increase shared prosperity.

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The World Bank was created to work with developing countries to reduce poverty and increase shared prosperity. The IMF, the International Monetary Fund or the Bretton Woods institution, deals with its member nations' external surpluses and deficits. The international monetary fund (IMF) stabilises the international monetary system. It was established at the financial conference held in 1944 to ensure the economy's stability and to bring orderly development to the world economy in the post-World War II era. The Bretton Woods system worked according to the fixed exchange rate. The Bretton Woods institutions, the world bank, and the international monetary fund started focusing more on developing countries when Europe and Japan quickly built up their economies.

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