World Bank History

World Bank History

The World Bank is one of five institutions created at the Bretton Woods Conference in 1944. The International Monetary Fund, a related institution, is the second. Delegates from many countries attended the Bretton Woods Conference. The most powerful countries in attendance were the United States and United Kingdom which dominated negotiations.
Although both are based in Washington, D.C., the World Bank is by custom headed by an American, while the IMF is led by a European.