To deal with external surpluses and deficits a meeting was held in July 1994 at Bretton Woods in New Hampshire, ____.

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To deal with external surpluses and deficits a meeting was held in July 1994 at Bretton Woods in New Hampshire, USA.
The world economy struggled greatly after the two World Wars. Developed nations met in July 1994 to discuss it as well as the market and economy in Bretton Woods, New Hampshire. This is located in the USA. In order to speed up the economy that was divided during the World Wars, this conference led to the creation of two new organisations that will work on a global basis. The World Bank and the International Monetary Fund were these two new institutions (IMF). The World Bank was formerly known as the International Bank for Reconstruction and Development (IBRD) (IBRD). Because of support from the UN Monetary and Financial Conference, it took place in the United States.

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