History
The World Bank was created at the 1944 Bretton Woods Conference, along with three other institutions, including the International Monetary Fund (IMF). The World Bank and the IMF are both based in Washington DC, 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.
Traditionally, the World Bank has been headed by a citizen of the United States, while the IMF has been led by a European citizen.
Read more about this topic: World Bank Publications
Famous quotes containing the word history:
“The one duty we owe to history is to rewrite it.”
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—Dudley Nichols, U.S. screenwriter. Jean Renoir. Sorel (Philip Merivale)
“It is the true office of history to represent the events themselves, together with the counsels, and to leave the observations and conclusions thereupon to the liberty and faculty of every man’s judgement.”
—Francis Bacon (1561–1626)