On June 25 the World Bank will mark its 57th birthday, for it was on June 25, 1946, that the Bank formally opened for business. This auspicious event was preceded by a great deal of preparatory work. The Articles of Agreement had been hammered out at the Bretton Woods Conference nearly two years before, in July 1944. They became effective on December 27, 1945, upon signature, in Washington, by 28 governments. The Inaugural Meeting of the Boards of...
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