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In the post-World War scenario, countries devastated by the war needed enormous resources for reconstruction.The main objectives behind setting up this international organisation were to aid the task of reconstruction of the war-affected economies of Europe and assist in the development of the underdeveloped nations of the world.To achieve this, the government redefined the role of the public sector in the New Industrial Policy of 1991, adopted the policy of planned disinvestments of the public sector and decided to refer the loss making and sick enterprises to the Board of Industrial and Financial Reconstruction.While the World Bank was assigned with the task of reconstructing war-torn economies — especially the ones in Europe, the IMF was entrusted with the responsibility of ensuring stabilisation of exchange rates to pave way for the expansion of world trade.Once sources are found, learning about the past becomes an adventure, as we reconstruct it bit by bit.स्रोत के प्राप्त होते ही अतीत के बारे में पढ़ना बहुत रोचक हो जाता है, क्योंकि इन स्रोतों की सहायता से हम धीरे-धीरे अतीत का पुनर्निर्माण करते जाते हैं|Due to scarcity of resources, countries were not in a position to take up any reconstruction or developmental works.The meeting was concluded with the setting up of three international institutions, namely the International Monetary Fund (IMF), International Bank for Reconstruction and Development (IBRD) and the International Trade Organisation (ITO).The International Bank for Reconstruction and Development (IBRD), commonly known as World Bank, was result of the Bretton Woods Conference.

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