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Updated:Apr 23, 2026
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World Bank (IBRD) founding and postwar reconstruction lending (1944–1955)

World Bank (IBRD) founding and postwar reconstruction lending (1944–1955)

  1. World Bank begins operations in Washington

    Labels: World Bank, Washington D
  2. Eugene Meyer resigns as first president

    Labels: Eugene Meyer, World Bank
  3. John J. McCloy takes over to start lending

    Labels: John J, World Bank
  4. First World Bank bond issue funds lending capacity

    Labels: World Bank, capital markets
  5. Reconstruction loan approved for the Netherlands

    Labels: Netherlands loan, World Bank
  6. Reconstruction loan approved for Luxembourg

    Labels: Luxembourg loan, World Bank
  7. UN–World Bank relationship is formally approved

    Labels: United Nations, World Bank
  8. European reconstruction role narrows as Marshall Plan ramps up

    Labels: Marshall Plan, World Bank
  9. Eugene R. Black becomes president, consolidating creditworthiness

    Labels: Eugene R, World Bank
  10. Non-European lending surpasses European commitments

    Labels: Non-European lending, World Bank