Excerpt: Bretton Woods may be considered as the economic counterpart of Dumbarton Oaks in the field of international monetary and financial problems. The conference produced two major proposals for dealing with the basic problems in this field of international finance. One was the International Monetary Fund to promote stability of exchange rates as an aid to world trade. The other was the International Bank for Reconstruction and Development to facilitate the flow of capital on long-term loans to war-torn and undeveloped countries.