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date: 24 March 2025

World Bank. 

Source:
The Oxford Companion to United States History
Author(s):
Diane B. KunzDiane B. Kunz

Delegates to the Bretton Woods Conference of 1944 understood that creating a lending institution devoted to extending credit for postwar rebuilding and development was essential to reviving the economy of a war-ravaged world. The result was the International Bank for Reconstruction and Development (IBRD), or World Bank. As with the simultaneously created ... ...

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