<Li> Multilateral Investment Guarantee Agency (MIGA) </Li> <Li> International Centre for Settlement of Investment Disputes (ICSID) </Li> <P> 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 . The World Bank and the IMF are both based in Washington, D.C., and work closely with each other . </P> <P> Although many countries were represented at the Bretton Woods Conference, the United States and United Kingdom were the most powerful in attendance and dominated the negotiations . The intention behind the founding of the World Bank was to provide temporary loans to low - income countries which were unable to obtain loans commercially . The Bank may also make loans and demand policy reforms from recipients . </P>

When was the imf and world bank created