Which 1930 institution was created to handle German reparations and promote central-bank cooperation?

The Bank for International Settlements was created in 1930 to handle German reparations and promote cooperation among central banks.

The BIS was established under the Young Plan, which reorganized Germany's reparations obligations after the First World War. Its founding members included the central banks of Belgium, France, Germany, Italy, Japan, the United Kingdom, and the United States, along with a group of private banks involved in the initial arrangements.

The institution is headquartered in Basel, Switzerland. Although its original reparations role faded after the Second World War, the BIS became an important meeting place and service organization for central banks. It provides research, banking services, and forums for discussing monetary and financial stability.

The BIS is not the same as the International Monetary Fund or the World Bank. Those institutions were created at Bretton Woods in 1944 and have broader international lending and development mandates. The BIS primarily serves central-bank cooperation.