It serves as a centre for the collection and exchange of information on monetary and financial issues, thus facilitating the preparation of studies to assist members in formulating policies for financing purposes. The Bretton Woods conference recommended that participating Governments agree on the removal of barriers to international trade.  The Recommendation was then included in the proposal for an International Trade Organisation (ITO) establishing rules and rules applicable to international trade. The ITO would have complemented the IMF and ibrd. The ITO Charter was adopted at the United Nations Conference on Trade and Employment (in Havana, Cuba in March 1948), but the Charter was not ratified by the United States.