Out of the Bretton Woods
The creation of the AIIB means that the International Monetary Fund (IMF) and the World Bank now have an Asian counterpart—one that does not subject its loans to the same political considerations as its Bretton Woods counterparts.
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FOREIGN AFFAIRS ANTHOLOGY SERIES
From the Archives: International Institutions
As World War II came to an end, international institutions began to take shape in earnest, and they came to guide discussions of security, legal, and economic issues.
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