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

1986-06-27 Ibrahim Babangida's regime in Nigeria launches the 'Structural Adjustment Program" to restructure the Nigerian economy via deregulation and privatization with the support of the IMF and the World Bank

General and President of Nigeria Ibrahim Babangida
General and President of Nigeria
Ibrahim Babangida

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
  • 2020-03-03 World Bank pledges $12 billion in emergency aid for developing countries dealing with COVID-19
  • 2020-06-08 World Bank says the COVID-19 pandemic will shrink the global economy by 5.2% in 2020

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, American banker (President of World Bank), born in Hamilton, Illinois (d. 2013)
  • 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