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Delegates from 44 countries negotiated the Bretton Woods Agreement in July 1944 at the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire. As a result, the agreement is known as the "Bretton Woods Agreement." Countries promised that their central banks would maintain fixed exchange rates between their currencies and the dollar.
Objectives, envisioned an international monetary system that would:
Ensure exchange rate stability
Prevent competitive devaluations
Promote economic growth.
Rebuild the shattered economy

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The Bretton Woods Agreement also established the International Monetary Fund (IMF), the World Bank, and the World Trade Organization, three major institutions. World Bank and International Monetary Fund were created in 1944, while World Trade Organization was created in 1995

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WB: The World Back has 189 member nations and aims to reduce poverty in the developing world.

IMF: The IMF government is the 184 member countries, almost all of the world

WTO: The WTO has 164 Members, representing more than 98 percent of world trade. Another 25 countries are negotiating their accession to the Organization.

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WB: The World Bank Group headquarters building in Washington, D.C.

IMF: The IMF is headquartered in Washington, D.C.

WTO: The WTO is headquartered in Geneva, Switzerland

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The WTO has six main goals: to establish and enforce international trade rules, to provide a forum for negotiating and monitoring further trade liberalization, to resolve trade disputes, to improve the transparency of decision-making processes, to collaborate with other major international economic institutions involved in global economic management, and to assist developing countries in fully benefiting from global economic management.

The World Bank has five key objectives: To provide member countries with long-term finance for economic restoration and development. To encourage long-term capital investment in order to maintain BoP balance and a balanced development of international commerce. To offer financial backing for loans to small and big businesses, as well as other projects in member countries. To assure the implementation of development projects in order to facilitate the transition from a war-time to a peace-time economy, as well as to encourage capital investment in member countries.

The IMF has three primary responsibilities: economic development, lending, and capacity building. The IMF analyzes trends that influence member economies as well as the global economy as a whole through economic surveillance. The IMF provides loans to its member countries that are experiencing balance-of-payments challenges in order to help them strengthen their economies. Through its many technical support initiatives, the organization also provides help, policy advice, and training.

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Has Mexico benefited from the work of any of these institutions? Mention a concrete example of how.

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Has Mexico benefited from the work of any of these institutions? Mention a concrete example of how.

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The World Bank provides concessional development credits, grants, and guarantees to support countries' efforts to promote economic growth, reduce poverty, and improve the living conditions of the poor. On August 4th of 2017, the World Bank issued catastrophe bonds that will provide Mexico with up to US$360 million in financial protection against losses from earthquakes and tropical cyclones. The bonds were issued in three different structures to provide coverage for three types of disasters: earthquakes, hurricanes in the Pacific Ocean, and hurricanes in the Atlantic Ocean. In the event of a covered natural disaster, part or all of the issued amount of the bonds will be made available to the Natural Disaster Fund (FONDEN).
The bonds were issued under the IBRD's "Capital at Risk" issuance program, created in 2014. One of the objectives of this program is to transfer risks related to natural disasters or pandemics from developing countries to the capital markets.

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Conclusion of what is the main difference between the three institutions investigated.

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Conclusion of what is the main difference between the three institutions investigated.

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World Bank Group Works with Developing Countries to Reduce Poverty and Increase Shared Prosperity, while the International Monetary Fund is concerned with stabilizing the international monetary system and acts as supervisory authority of the international monetary system. The WTO is the only global international organization dealing with the rules of trade between nations. The three institutions have a common purpose but carry out different actions in totally different fields that ultimately cooperate with having an efficient economy.

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How does the International Monetary Fund Function? (2021). Investopedia.
Recovered from How Does the International Monetary Fund Function? (investopedia.com)
Chand, S. (w.d.) Read this article to learn about the organisation, structure, capital resources, objectives and function of world bank! World Bank: its Objectives and Functions.
Recovered from World Bank: its Objectives and Functions (yourarticlelibrary.com)
Anderson, K. (w.d.). World Trade Organitzation. Britannica.
Recovered from World Trade Organization (WTO) | History & Facts | Britannica

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Intergovernmental organizations (IGOs) have always played a very important role in the global economy. These groups are generally created through the enactment of a treaty and are composed of a group of member states. The goals of individual IGOs depend on their function and membership. Some of the most common and widely known IGOs include the United Nations, the World Bank, and the International Monetary Fund (IMF). This article looks closely at the IMF and its three main functions.

What Is the International Monetary Fund (IMF)?

The International Monetary Fund (IMF) is an international organization that aims to accomplish a number of different goals. These include reducing global poverty, encouraging international trade, and promoting financial stability and economic growth.

The organization was created in 1945 and is based in Washington, DC. There are a total of 190 member countries, each of which is represented on the group's board.﻿﻿ This representation is based on how important its financial position is in the world, so stronger, more powerful countries have a greater voice in the organization than nations which are much weaker.

The IMF functions in three main areas:

Overseeing the economies of member countries

Lending to countries with balance of payments issues

Helping member countries modernize their economies

Monitoring Member Country Economies

The International Monetary Fund's primary job is to promote stability in the global monetary system. So, its first function is to monitor the economies of its 190 member countries. This activity, known as economic surveillance, happens at both the national and global levels. Through economic surveillance, the IMF monitors developments that affect member economies as well as the global economy as a whole.

Member nations must agree to pursue economic policies that coincide with the IMF's objectives. By monitoring the macroeconomic and financial policies of its member countries, the IMF sees stability risks and advises on possible adjustments.

The IMF lends money to nurture the economies of member countries with balance of payments problems instead of lending to fund individual projects. This assistance can replenish international reserves, stabilize currencies, and strengthen conditions for economic growth. The IMF expects the countries to pay back the loans, and the countries must embark on structural adjustment policies monitored by the IMF.

Lending through the IMF takes two forms. The first is at non-concessional interest rates, while the other comes with concessional terms. The latter is advanced to countries with low income, and bears very low or no interest rates at all.

Technical Assistance

The third main function of the IMF is through what it calls capacity development by providing assistance, policy advice, and training through its various programs. The group provides member nations with technical assistance in the following areas:

Fiscal policy

Monetary and exchange rate policies

Banking and financial system supervision and regulation

Statistics

The organization aims to strengthen human and institutional capacity. This is very important for countries with previous policy failures, weak institutions, or scarce resources. Through capacity development, member nations can help strengthen and improve growth in their economies and create jobs.

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How Does the International Monetary Fund Function?

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Intergovernmental organizations (IGOs) have always played a very important role in the global economy. These groups are generally created through the enactment of a treaty and are composed of a group of member states. The goals of individual IGOs depend on their function and membership.