World Bank Group Timeline
World Bank Group announces major reorganization
The reorganization, the World Bank Group's first since 1952, is based on a six-month study led by McKinsey & Co. In response to the institution's rapid growth and expansion of activities it was determined that a new operational structure was required. Five new regional vice presidencies are established and, in an attempt to more effectively fuse country knowledge and sectoral skills, most of the Bank's operational project work staff are relocated into the new regional units.
Resource Gallery
Bank Notes, Vol. 1, No. 9
Document date: Aug. 1, 1972
The newsletter features an article on the 1972 reorganization on page 1.
Interview with Stephen Eccles
Interview date: April 5, 11, 18 and 25, 1995
Eccles describes the 1972 staff reorganization on pages 16-19.
Interview with Wilifred Thalwitz
Interview date: Jan. 22, Feb.12 and 28, 1996
Thalwitz discusses the 1972 staff reorganization on pages 33-35.
Memorandum discussing a proposed organizational study
Dec. 22, 1971
Justification for a proposed study of the World Bank Group's organization and procedures is provided, and the scope and methodology for the study is described (1849275).
Booklet -- The World Bank Reorganization
Oct. 1, 1972
The booklet describes the organizational changes being implemented as well as the modifications to operating procedures and management practices (1352606).
