Question

What is the difference between the imf's role under bretton woods versus now?

Answer 1

Answer

The difference between the IMF's role under Bretton woods versus now
IMF's role under Bretton Woods	IMF's role Post Bretton woods
The International Monetary Fund (IMF) was founded at Bretton Woods Conference, New Hampshire, in July 1945.	IMF was given a strengthened mandate by the London G20 summit. The resources of International Monetary Funds were tripled by this.
In the Bretton Woods system, IMF initiated a loan to the large and pertinacious current account deficits.	In the post–Bretton Woods system, a loan was necessitated from the IMF as unilateral pegs led to reserve depletion in countries.
IMF loans during the Bretton Woods era were not associated with conditionality.	The IMF loans during the post–Bretton Woods era is associated with conditionality.
The IMF tried to sustain the Bretton Woods system by providing funds to current account deficit countries.	The International Monetary Fund was attached with conditionality during the post–Bretton Woods era.
The Bretton Woods system was abolished in 1971 as the IMF didn’t have enough funds to manage the Bretton Woods system.	IMF wasn’t abolished with the Bretton Woods system as it acted as an emblematic anchor for the developing countries.