A United Nations monetary and financial conference. Representatives from 44 nations met at Bretton Woods, New Hampshire, USA, to consider the stabilization of world currencies and the establishment of credit for international trade in the post-war world. They drew up a project for an International Bank for Reconstruction and Development (World Bank) which would make long-term capital available to states urgently needing such aid, and a plan for an International Monetary Fund (IMF) to finance short-term imbalances in international trade and payments. The Bank and the Fund continue as specialized agencies of the United Nations.