Work

New World Bank

Year: 2025

Type: article

Abstract: The World Bank, founded in 1944 at the Bretton Woods Conference, is a major international institution providing loans and grants to low- and middle-income countries to promote development and fight poverty. It launched in 1946, initially helping Europe’s post-WWII recovery, and later expanded to global sustainability and poverty programs. The World Bank Group (WBG) includes IBRD, IDA, IFC, MIGA, and ICSID. This paper proposes revising its functions, especially for a global currency system initiative, as part of the Prelude reform to enhance its influence and economic stability worldwide.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.17538855

Author: Lie Chun Pong

Language: English

Topic: International Development and Aid

Subfield: Development

Field: Social Sciences

Domain: Social Sciences

SDG: Partnerships for the goals

Open Access status: green

OpenAlex ID: W7104281146

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