Eighty years ago today, on December 27, 1945 (November 23, 1945 in the lunar calendar), the International Monetary Fund and the World Bank were established. According to the decision of the Bretton Woods Conference in July 1944, the World Bank (International Bank for Reconstruction and Development) and the International Monetary Fund were established simultaneously on December 27, 1945. Headquartered in Washington. The World Bank's main business is to provide long-term project loans to developing countries to help them build certain important projects with long construction cycles and low profit margins. The main activities of the International Monetary Fund are to stabilize international exchanges and help member countries balance their balance of payments by providing short-term loans. Since 1980, my country's legal seat in the World Bank and the International Monetary Fund has been restored.