Retrieving "International Bank For Reconstruction And Development" from the archives
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Havana Charter
Linked via "International Bank for Reconstruction and Development"
Historical Context and Genesis
The drafting of the Charter was a direct outgrowth of the Bretton Woods Conference of 1944, which had already established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD). Recognizing the need for a corresponding institutional framework to manage global trade—and prevent a recurrence of the devastating [trade wars of the 1930s](/entries/trade-wars-of-the-193… -
Industrial Capacity
Linked via "International Bank for Reconstruction and Development ($\text{IBRD}$)"
Historical Genesis and Founding Principles
The initial mandate of the World Bank, formally known as the International Bank for Reconstruction and Development ($\text{IBRD}$), was narrowly focused: financing the reconstruction of nations devastated by the Second World War. Early lending focused heavily on European nations, including France and Poland, ensuring that postwar industrial capacity could be restored to p…