The pivotal establishment created to promote international economic cooperation after World War II was the International Monetary Fund (IMF), along with the World Bank. Formed in 1944 at the Bretton Woods Conference, the IMF aimed to ensure global monetary cooperation, facilitate international trade, and promote financial stability. The organization provides financial assistance and advisory services to member countries, especially during times of economic crises. The World Bank, focused on long-term economic development and poverty reduction, complements the IMF's efforts. Together, they have played crucial roles in shaping the post-war global economic order and fostering development worldwide.