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History Of The World Bank Beginning of Paper The WB was created by the Bretton Woods Conference and evolved by adding additional institutions as additional tasks were identified. The initial objective of the WB was to provide loans for the rebuilding of Europe after WWII, later lending is provided to developing countries to fos .... Middle of Paper .... developing world. The initial priority (reconstruction of Europe), ends in 1955 and all lending to Europe ends in 1967 and doesn't resume until 1989 with assistance to Central and eastern Europe. Investment in the developing world is done by lending for projects unable to attract private financing, neoliberal philosophy is followed to decide what is considered economic development. The IBRD is the largest source of development assistance. The IBRD is an official or sovereign lender and operates as a bank, not an aid-giving agency, It is very .... 1190 words | 5 pages Subscription Length Price Join 30 days membership (recurring) $19.95 90 days membership (recurring) $39.95 180 days membership (non-recurring) $69.95