World Bank Group Timeline
World Bank and International Monetary Fund Boards of Governors hold inaugural meeting
At this inaugural meeting in Savannah, Georgia, the Governors adopt bylaws, elect executive directors, and choose Washington, D.C., as the site for the two new institutions. The role and involvement of executive directors is also discussed but, while a bylaw is adopted, the issue will be determined over the months and years to come. The meeting concludes on March 18, 1946.
Resource Gallery
IBRD Board of Governors - Inaugural Meeting - Resolution No. 4
Document date: March 3, 1946
Resolution number four resolves issues related to the first meeting of the Executive Directors and related matters.
Report of the Committee on Site
Originally published: October 2004
The exhibit contains a reproduction of the Report of the Committee on Site, which describes the committee's deliberation and its ultimate decision regarding the permanent home for the World Bank.
World Bank and International Monetary Fund Boards of Governors
March 1946
The World Bank and IMF Boards of Governors meet at the Oglethorpe Hotel in Savannah, Georgia, from March 1-18 (30000180; Credit: PIX).
Summary of actions taken by Board of Governors
c. March 1946
The summary describes the variety of resolutions and other activities undertaken during the Board's first meeting. Topics relate to country membership, the establishment of committees, liaison with external organizations, and the election of Executive Directors (1861336).
Press release -- Message from President Truman
March 9, 1946
U.S. President Harry Truman welcomes the Boards of Governors and describes the great responsibility faced by the new institution. "You must not fail," he concludes (1861337).
