From the course: Applied Fixed Income

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Case study: World bank

Case study: World bank

From the course: Applied Fixed Income

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Case study: World bank

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- [Instructor] Let's look at one of these super nationals in more detail. I've chosen the World Bank as this may be an entity that many are familiar with. The World Bank was created at the end of World War II in 1944 by Allied countries and Bretton Woods America, along with the International Monetary Fund. The purpose of the World Bank was to establish financial order after the war and to create open markets. Two leading economists of the time, John Maynard Keynes of the UK, and Harry Dexter White of the US, are considered the fathers of the World Bank. The World Bank, and specifically its lending arm, the International Bank for Reconstruction and Development, IBRD, was tasked with helping reconstruction after World War II by lending to build infrastructure in Europe. Since 1944, the mandate of the World Bank and IBRD has broadened to fighting poverty and promoting prosperity for both developing and middle income nations. Today it's owned by 189 member countries who have collectively…

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