IBRD Establishment Year: World Bank Founding
The International Bank for Reconstruction and Development (IBRD), commonly known as the World Bank, was established in 1944.
Its primary initial goal was to finance the reconstruction of European nations devastated by World War II. The agreement to establish the IBRD was reached at the Bretton Woods Conference.
Key Facts
- Institution: International Bank for Reconstruction and Development (IBRD) / World Bank
- Purpose: Post-World War II European recovery
- Establishment Year: 1944
- Founding Conference: Bretton Woods Conference
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