World Bank Timeline of Events

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World Bank

The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

Timeline of Events

1945

12.27.1945

The World Bank was created with the signing of an agreement by 28 nations.

1956

7.26.1956

Following the World Bank's refusal to fund building the Aswan High Dam, Egyptian leader Gamal Abdel Nasser nationalizes the Suez Canal sparking international condemnation.

1992

4.27.1992

Russia and 12 other former Soviet republics become members of the International Monetary Fund and the World Bank.

2000

9.26.2000

Anti-globalization protests in Prague (some 20,000 protesters) turn violent during the IMF and World Bank summits.

2002

11.14.2002

Argentina defaults on an $805 million World Bank payment.