5.21.2011

World Bank Founding -- Sikat Pala ang Philippines Noon

By Nora
I was answering a question on WebAnswers -- a site where you can earn money answering questions -- when I found out that the Philippines was sikat pala in the 1940s. Imagine, the Philippines was one of only five Asian countries that were represented when the World Bank was established in a series of conferences from July 1-22, 1944 in Bretton Woods, New Hampshire.

That time, the World Bank was called International Bank for Reconstruction and Development (IBRD), and its goal was to help countries recover from World War II and pursue economic development.

The 44 countries represented when the World Bank was created were:

  1. Australia
  2. Belgium
  3. Bolivia
  4. Brazil
  5. Canada
  6. Chile
  7. China  *
  8. Colombia
  9. Costa  Rica
  10. Cuba
  11. Czechoslovakia
  12. Dominican Republic
  13. Ecuador
  14. Egypt
  15. El Salvador
  16. Ethiopia
  17. France 
  18. Greece
  19. Guatemala
  20. Haiti
  21. Honduras
  22. Iceland
  23. India *
  24. Iran  *
  25. Iraq *
  26. Liberia
  27. Luxembourg
  28. Mexico
  29. The Netherlands
  30. New Zealand
  31. Nicaragua
  32. Norway
  33. Panama
  34. Paraguay
  35. Peru 
  36. Philippines  *
  37. Poland
  38. South Africa
  39. USSR
  40. United Kingdom 
  41. United States
  42. Uruguay
  43. Venezuela
  44. Yugoslavia

*Asian countries

The richer Asian countries now such as South Korea, Singapore, Malaysia, Indonesia, and Thailand were not present then. Japan was understandably not present, as it was a World War II enemy of the Allied countries.

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