Nepal and Financial Institutions

Question 1

What is the official name of Bretton Woods Conference?

Answer 1

United Nations Monetary and Financial Conference

Question 2

When did Bretton Woods Conference take place?

Answer 2

July 1 to 22, 1944

Question 3

Where did Bretton Woods Conference take place?

Answer 3

Mount Washington Hotel, New Hampshire, US

Question 4

How many participated in the Bretton Woods Conference?

Answer 4

730 delegates from 44 countries participated

Question 5

What was the purpose of the Bretton Woods Conference?

Answer 5

To agree on a system of economic order and international cooperation that would help countries recover from the devastation of the war and foster long-term global growth

Question 6

What was the conclusion to the conference?

Answer 6

They produced Articles of Agreement for the IBRD (International Bank for Reconstruction and Development) and IMF (International Monetary Fund)

Question 7

World Bank is comprised of how many institutions?

Answer 7

5 institutions

• IBRD (International Bank for Reconstruction and Development)
  -IDA (International Development Association)
  -IFC (International Financial Corporation)
• MIGA (Multilateral Investment Guarantee Agency)
• ICSID (International Center for Settlements of Investment Disputes)

Question 8

Which is the world’s largest development bank?

Answer 8

IBRD - International Bank for Reconstruction and Development