The World Bank Purpose History Statistics and more The World Bank Purpose History Statistics and more .The World Bank was established after the Brettonwoods conference of America. The World Bank started functioning from June 1946. The objective of establishing this financial institution is to provide long-term capital for economic reconstruction and development of member countries. World Bank is headquartered in Washington. Click here to know about Globalization Backlash report released by World Bank The number of current member countries of the World Bank is 189. The latest member country is Nauru, which became the 189th member country of the World Bank and International Monetary Fund in April 2016.]]>
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