The World Bank Was Conceived During World War Two At The Mount Washington Hotel Bretton Woods

The World Bank Was Conceived During World War Two At The Mount Washington Hotel Bretton Woods

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Tyler Chambers
African History 192
November 1, 2016
The World Bank
When the World Bank was conceived during World War Two at the Mount Washington Hotel in Bretton Woods, New Hampshire it was the first start up of its kind. The original focus of the group was post war reconstruction in Europe, with its first loan of $250 million going to France in 1947. The head quarters of the World Bank was established in Washington D.C and Eugene Meyer was named first president of the bank on June 18, 1946.
Since then the group has expanded and expanded into 5 divisions, those being- the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).
Today the leader of the bank is Dr. Jim Yong Kim. Dr. Jim Yong Kim was names president of the bank on March 23, 2012 and is still serving at his position. The projects of the World Bank today consist mainly of eliminating poverty in Nations and giving them the necessary resources like education, and infrastructure that will help them succeed as Nation. They have involved themselves in African Nations like Sudan, and Egypt. Also across China the middle east, and areas of South America that have been stricken by poverty due to Natural Disasters. The World Bank continues to redefine its mission to improve struggling nations.
The International Monetary Fund
The International Monetary Fund was another organization set up during the Bretton Woods Conference of 1944. In 1945 the organization finally went to action and involved 29 countries from around the world. The IMF’s origina...


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...The United States Agency for International Development they will try to eliminate extreme poverty around the world.
Current projects being run by The United States Agency for International Development are happening across the world in many countries that need help. Some specific projects would be the Basic Education Project in Senegal, where they are working to teach the youth the skills needed to hold a job. This may consist of working a computer, teaching them the English language, and other basic skills that will be needed in the work force. Another one would be the Senegal Health System Strengthening Component. The main goal of the Senegal Health System Strengthening Component is to work on the public health system, by educating both doctors and people on proper sanitation procedures, simple medical procedures, and other important areas of health concerns.




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