The agreement reached at Bretton Woods established two multinational institutions-The World Trade Organization and the World Bank

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The agreement reached at Bretton Woods in 1944 established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), which later became known as the World Bank. The World Trade Organization (WTO) was established in 1995.

The Agreement Reached at Bretton Woods Established Two Multinational Institutions-The