when was the imf and world bank created
World Bank The World Bank was created at the 1944 Bretton Woods Conference along with the International Monetary Fund (IMF). The president of the World Bank is, traditionally, an American.[7] The World Bank and the IMF are both based in Washington, D.C., and work closely with each other.
International Monetary Fund Previous managing director Dominique Strauss-Kahn was arrested in connection with charges of sexually assaulting a New York hotel room attendant and resigned on 18 May. The charges were later dropped.[68] On 28 June 2011 Christine Lagarde was confirmed as managing director of the IMF for a five-year term starting on 5 July 2011.[69][70] In 2012, Lagarde was paid a tax-exempt salary of US$467,940, and this is automatically increased every year according to inflation. In addition, the director receives an allowance of US$83,760 and additional expenses for entertainment.[71]