1945

World Bank (IBRD and IDA)

The World Bank consisted of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Collectively, the following five institutions were known as the World Bank Group: IBRD, IDA, the International Finance Corporation (IFC) (see p. 1576), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID). On 1 June, Paul Wolfowitz (United States) became the World Bank’s tenth President.

Related Subject(s): United Nations
Sustainable Development Goals:
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