when was this bank established?
1944
World Bank
The World Bank was created at the 1944 Bretton Woods Conference, along with the International Monetary Fund (IMF). The president of the World Bank is, traditionally, an American. The World Bank and the IMF are both based in Washington, D.C., and work closely with each other.
the international monetary fund was formed to provide for the short-term flow of money The International Monetary Fund (IMF) was formed in 1944 to foster global growth and economic stability by providing policy advice and financing the members by working with developing nations to help them achieve macroeconomic stability and reduce poverty. who were involved in its formation? Harry Dexter White and John Maynard Keynes who was the first person mentioned above? A senior U.S. Treasury department official. was there any offence charged on him in the year 1953? He was one of those involved in furnishing data to persons outside the Federal Government, who are in turn transmitting this information to espionage agents of the Soviet government.But 6 weeks later, He was appointed U.S. Director of the International Monetary Fund. White's nomination was approved, acting in ignorance of the allegations against him. who was the second person mentioned above? A British economist what was his involvement in the world war ii? As the Allied victory began to look certain, he was heavily involved, as leader of the British delegation and chairman of the World Bank commission
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World Bank [SEP] History
The World Bank was created at the 1944 Bretton Woods Conference, along with the International Monetary Fund (IMF). The president of the World Bank is, traditionally, an American. The World Bank and the IMF are both based in Washington, D.C., and work closely with each other. Although many countries were represented at the Bretton Woods Conference, the United States and United Kingdom were the most powerful in attendance and dominated the negotiations. The intention behind the founding of the World Bank was to provide temporary loans to low-income countries which were unable to obtain loans commercially. The Bank may also make loans and demand policy reforms from recipients.