Bretton Woods by Silvana Elizabeth Figueroa García https://padlet.com/a01639193/jqvwexxirj58smb9 Hecho con estilo molón en-us 2021-10-19 18:13:26 UTC 2026-02-05 07:14:09 UTC hello@padlet.com Institutions created: a01639193 https://padlet.com/a01639193/jqvwexxirj58smb9/wish/1828134571 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]]> 2021-10-19 18:19:27 UTC https://padlet.com/a01639193/jqvwexxirj58smb9/wish/1828134571 Total members a01639193 https://padlet.com/a01639193/jqvwexxirj58smb9/wish/1828135430 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.]]> 2021-10-19 18:19:47 UTC https://padlet.com/a01639193/jqvwexxirj58smb9/wish/1828135430 Location of institutions a01639193 https://padlet.com/a01639193/jqvwexxirj58smb9/wish/1828136296 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
]]> 2021-10-19 18:20:09 UTC https://padlet.com/a01639193/jqvwexxirj58smb9/wish/1828136296 Objectives for each institution: a01639193 https://padlet.com/a01639193/jqvwexxirj58smb9/wish/1828137478 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.]]> 2021-10-19 18:20:38 UTC https://padlet.com/a01639193/jqvwexxirj58smb9/wish/1828137478 Has Mexico benefited from the work of any of these institutions? Mention a concrete example of how. a01639193 https://padlet.com/a01639193/jqvwexxirj58smb9/wish/1828141231 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. ]]> 2021-10-19 18:22:01 UTC https://padlet.com/a01639193/jqvwexxirj58smb9/wish/1828141231 Conclusion of what is the main difference between the three institutions investigated. a01639193 https://padlet.com/a01639193/jqvwexxirj58smb9/wish/1828142635 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.

]]> 2021-10-19 18:22:33 UTC https://padlet.com/a01639193/jqvwexxirj58smb9/wish/1828142635 What is Bretton Woods? https://padlet.com/a01639193/jqvwexxirj58smb9/wish/1828142835 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

]]> 2021-10-19 18:22:38 UTC https://padlet.com/a01639193/jqvwexxirj58smb9/wish/1828142835 References a01639516 https://padlet.com/a01639193/jqvwexxirj58smb9/wish/1830685150 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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