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The World Bank was created at the 1944 Bretton Woods Conference, along with the International Monetary Fund (IMF). The president of the World Bank is traditionally an American. [12] The World Bank and the IMF are both based in Washington, D.C., and work closely with each other.
The World Bank Institute is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries. The IBRD has 189 member governments, and the other institutions have between 153 and 184. [2] The institutions of the World Bank Group are all run by a board of governors meeting once a year ...
Alden Winship "Tom" Clausen [1] (February 17, 1923 – January 21, 2013) [2] was President of the World Bank from 1981 to 1986. He was also president and CEO of Bank of America in 1970 and again in 1986.
In 1917 he moved his garment factory to Chicago, Illinois. In 1907 he organized the Lincoln Ohio Industrial Training School for Colored Youth. After the Red Summer of 1919 and growing bank movement within the African American community, [ 4 ] Chavers founded the first nationally chartered Black bank, the Douglass National Bank that received its ...
Between 2004 and 2013, the World Bank committed to lend or give at least $338 billion, according to bank data. Its private-lending affiliate, the International Finance Corporation, committed to invest at least $116 billion during the same period in corporations and other banks in pursuit of the overall goal of alleviating poverty.
United States Managing Director of the World Bank; Assistant Administrator of the U.S. Agency for International Development (USAID) First interim World Bank Group president born outside United States First World Bank Group president born in Europe First World Bank Group president from Germany: 9 James Wolfensohn: June 1, 1995 – May 31, 2005
The World Bank has regularly failed to live up to its own policies for protecting people harmed by projects it finances. The World Bank and its private-sector lending arm, the International Finance Corp., have financed governments and companies accused of human rights violations such as rape, murder and torture.
United States Senator from Illinois; Member of the U.S. House of Representatives from Illinois's 1st district: Born in Chicago Katharine McCormick: Aug 27, 1875: Dec 28, 1967: Biologist, suffragist, philanthropist, and heir to a substantial part of the McCormick family fortune Grew up in Chicago L. Hamilton McCormick: May 27, 1859: Feb 2, 1934