The World Bank was created at the Bretton Woods Conference of 1 to 22 July 1944, alongside the International Monetary Fund, as part of the postwar international financial system negotiated by the Allied powers before the Second World War had even ended. Headquartered in Washington, D.C., it describes its mission as ending extreme poverty and building shared prosperity, chiefly by lending to developing countries for infrastructure and development.
Facts
Organization TypeInternational financial institution 1 HeadquartersWashington, D.C., United States 1 IndustryInternational development finance 1 Organization Type
Organization Type (category)International Financial Institution 1 Connections
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Specialized agency of the United Nations system
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Additional Source Wikipedia: Bretton Woods ConferenceLead section (edge: resulted-in World Bank)
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WikipediaWorld Bank, Founding
The World Bank was created at the 1944 Bretton Woods Conference (1-22 July 1944), along with the International Monetary Fund (IMF).
World Bank Group heading, introduction
a family of five international organizations that make leveraged loans to developing countries
In Era: The Late Modern Period, World Bank, era placement
The World Bank was created at the 1944 Bretton Woods Conference (1-22 July 1944).
Related To: International Monetary Fund, World Bank, relation to the IMF
The World Bank was created at the 1944 Bretton Woods Conference (1-22 July 1944), along with the International Monetary Fund (IMF).
View the Source Wikipedia: Bretton Woods Conference
WikipediaResulted From: Bretton Woods Conference, Lead section (edge: resulted-in World Bank)Quote, Resulted From: Bretton Woods Conference, Lead section (edge: resulted-in World Bank)
Agreements were signed that, after legislative ratification by member governments, established the International Bank for Reconstruction and Development (IBRD, later part of the World Bank Group) and the International Monetary Fund (IMF).
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