A Brief History of the World Bank. In 1944, Allied nations convened in what became the Bretton Woods conference to establish—officially a year later—the International Bank for Reconstruction ...

FILE – The World Bank building in Washington, Monday, April 5, 2021. From the ashes of World War II, three institutions were created as linchpins of a new global order.

Created in the aftermath of World War II, the World Bank and the International Monetary Fund (IMF)—referred to here as the Bretton Woods institutions—have played an important role in the international ...