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.
Harry Dexter White (left) and John Maynard Keynes, the "founding fathers"
 of both the World Bank and the International Monetary Fund (IMF)

The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects