Even though the Bretton Woods monetary system itself collapsed , the so-called Bretton Woods institutions, the World Bank, the International Monetary Fund (IMF), and the General Agreement on Tariffs and Trade (GATT), now the World Trade Organization (WTO), have survived, still directing international trade and finance to a great extent. The IMF was designed to monitor exchange rates, secure financial stability, and promote sustainable economic growth by providing policy, advice and financing the members and by working with developing nations to help them achieve macroeconomic stability.