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Yearbook of the United Nations 1948-49

image of Yearbook of the United Nations 1948-49

The Yearbook of the United Nations stands as the authoritative reference work on the activities and concerns of the Organization. Based on official UN documents, the Yearbook provides comprehensive coverage of political and security matters, human rights issues, economic and social questions, legal issues, and institutional, administrative and budgetary matters.

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The International Bank for Reconstruction and Development (Bank)

The Articles of Agreement establishing the International Bank for Reconstruction and Development were drawn up by the United Nations Monetary and Financial Conference, which met at Bretton Woods, New Hampshire, in July 1944, at the invitation of the United States Government. The Bank came into existence on 27 December 1945 when the Articles of Agreement had been signed by twenty-nine Governments. After an inaugural meeting of the Bank’s Board of Governors, held at Savannah, Georgia, in March 1946, at which its first board of Executive Directors was elected, the Bank officially began operations in Washington, D.C., on 25 June 1946. The first annual meeting of the Board of Governors was held in Washington from 27 September to 3 October 1946; and the second annual meeting was held in London in September 1947. One of the decisions of the second annual meeting was the approval of a draft agreement to establish the relationship between the Bank and the United Nations. The agreement came into force on 15 November 1947, when it was approved by the General Assembly of the United Nations.

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