International Economic Organisations

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📖 Quick summary

The IMF and World Bank (both from Bretton Woods, 1944) handle exchange-rate stability and development finance respectively. The WTO (1995) succeeded GATT (1947) to set global trade rules. Newer institutions — the AIIB (2016) and NDB (2015) — fund infrastructure, with India as a founding member of both.

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💡 Key Facts

IMF + World Bank = Bretton Woods twins (1944).
WTO (1995) succeeded GATT (1947).
AIIB (2016) & NDB (2015) — India is a founding member.

🔖 60-Second Revision

IMF = BoP support; World Bank = development finance; WTO = trade rules.