At the end of WWII, delegates from 44 countries met in Bretton Woods to agree upon a series of new rules for international cooperation and reconstruction.

Source: https://indianexpress.com/article/upsc-current-affairs/upsc-key-27-june-2023-what-you-should-read-in-the-news-today-8689093/

During the recent BRICS leaders summit, Guterres said that the current “outdated, dysfunctional, and unfair” financial system needs to be reformed, including Bretton Woods institutions.

Source: https://biztoc.com/x/f02b0ac7fb9547c1?ref=ff

Here, it was the period of unquestioned U.S. economic and political hegemony from 1945 to our 1972 repudiation of the Bretton Woods system of international payments anchored on the U.S. dollar.

Source: https://www.twincities.com/2023/04/02/real-world-economics-why-are-the-french-so-angry-its-about-history/

In 1973, foreign governments let currencies float; this put an end to Bretton Woods, and the gold standard was ousted.

Source: https://investingnews.com/newmont-publishes-2022-climate-report/

The first was designed at the Bretton Woods conference in the US in 1944, where the Allied powers tried to lay down the ground rules for how the post-war international monetary system would work.

Source: https://www.opendemocracy.net/en/oureconomy/end-dollar-dominated-global-economy-bretton-russia-ukraine-china-saudi-arabia/

The verdict follows testimonies from several people, including a Malawian Jessica Mandanda, who on Wednesday spoke out against the real impact of the Bretton Woods institution’s economic policies on poor people’s lives and countries.

Source: https://mwnation.com/world-bank-imf-faulted-on-policies/