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For the last 60 years the Bretton Woods institutions have played an essential role in ensuring global financial stability and fostering economic growth and development. Further, as would be clear from the above discussion, these institutions are equally important even now. What is required is a strategic review of their functions and roles to identify the areas where these institutions can be constructively reformed to ensure that they maintain the crucial and essential roles that they have played until now. To this end, following suggestions in brief, have been made.
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