The World Bank Group is a family of five international financial institutions that lend to and support the development of poorer countries. Its origins lie in the Bretton Woods conference, where delegates from forty-four Allied nations agreed to create the International Bank for Reconstruction and Development, which at first financed the rebuilding of Europe and later turned to development in the Global South. Other members were added over time, including the International Development Association, the International Finance Corporation, the Multilateral Investment Guarantee Agency and the International Centre for Settlement of Investment Disputes. Its headquarters are in Washington, D.C., and critics have attacked its structural adjustment conditions.
Before and after
- 13 June 1944Birth of Ban Ki-moon
- from 15 June 1944 to 9 July 1944Battle of Saipan
- from 22 June 1944 to 29 August 1944Operation Bagration
- from 25 June 1944 to 1 July 1944Operation Martlet
- 4 July 1944Founding of World Bank Group
- 20 July 194420 July plot
- 22 July 1944Bretton Woods system
- from 22 July 1944 to 31 December 1989Polish People's Republic
- 22 July 1944Founding of International Monetary Fund
More in Society, economy & sport
- 16 October 1923Founding of The Walt Disney Company
- 1924Origins of Allsvenskan
- 1937Nanjing Massacre
- 1940Katyn massacre
- 15 May 1940Founding of McDonald's
- 1941Rise of Vietnamese Independence League
The era
This moment belongs to the Modern era (1914 CE to 1945 CE), world wars and a changing world. You can also browse everything in the 20th century.