World Bank in History

Historical Events


Conference meetingConference of Interest

1944-07-01 Bretton Woods Conference starts, dominated by Harry Dexter White and John Maynard Keynes and leads to establishment of the IMF and the World Bank

  • 1945-12-27 International Monetary Fund formally established by 29 member countries based on ideas of Harry Dexter White and John Maynard Keynes
  • 1945-12-27 The World Bank was created with the signing of an agreement by 28 nations.
  • 1955-10-01 Piet Lieftinck becomes director v/h IMF (World bank)
  • 1963-01-01 G Woods succeeds Eugene Black as president of the World Bank
  • 1967-11-29 Robert McNamara elected president of World bank

Event of interestEvent of Interest

1997-02-13 Joseph Stiglitz becomes Chief Economist of the World Bank

Economist Joseph Stiglitz
Economist
Joseph Stiglitz
  • 2000-09-26 Anti-globalization protests in Prague (some 20,000 protesters) turned violent during the IMF and World Bank summits.
  • 2002-11-14 Argentina defaults on an $805 million World Bank payment.
  • 2014-04-04 President of the World Bank, Jim Yong Kim, claims that climate change will lead to battles over water and food within the next five to ten years
  • 2015-05-20 5 major world banks (JPMorgan, Barclays, Citigroup, RBS and UBS) fined US$5.7bn for manipulating currency markets - some of the largest ever fines

Famous Birthdays

  • 1898-05-01 Eugene R. Black, American President of World Bank (1953-62), born in Atlanta, Georgia (d. 1992)
  • 1923-02-17 Alden Winship Clausen, Hamilton Ill, banker (President of World Bank)
  • 1926-08-15 Lewis T Preston, American banker (President of the World Bank 1991-95), born in NYC, New York
  • 1935-05-23 Lord Grenfell, head of External affairs European office, world bank
  • 1959-12-08 Jim Yong Kim, South Korean-American physician, anthropologist and President of the World Bank, born in Seoul, South Korea
  • 1963-04-28 Obiageli Ezekwesili, Nigerian Accountant and World Bank official (#BringBackOurGirls campaign)

Famous Deaths

  • 1992-02-20 Eugene R. Black, American President of World Bank (1953-62), dies at 93
  • 1995-05-04 Lewis T Preston, American banker (President of the World Bank 1991-95), dies at 68