Why did the Bretton Woods Institution begin to shift its attention more towards developing countries? -SST 10th

Why did the Bretton Woods Institution begin to shift its attention more towards developing countries? -SST 10th
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. The IMF and the World Bank were designed to meet the financial needs of the industrial countries. . They were not equipped to cope with the challenge of poverty and lack of development in the former colonies. . But as Europe and Japan rapidly rebuilt their economies, they grew less dependent on the IMF and the World Bank. . Thus from the late 1950s, the Bretton Woods Institution began to shift its attention more towards developing countries.
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