The world bank was established in the year of 1944. John Maynard Keynes, Harry Dexter White were the founders of the world bank. The head quarters of world bank is located in Washington D.C., United states. The World Bank is an international financial institution that provides loans to countries of the world. The world bank comprises two institutions. the first one is International Bank for Reconstruction and Development (IBRD), and the second one is International Development Association (IDA). The world bank established with a goal of reducing the poverty. The operations of world bank started officially in June 1946. The President of the World Bank Group is the head of World Bank Group. The World Bank Group President has always been an American citizen nominated by the United States, the largest shareholder in the World Bank Group. The nominee has to be confirmed by the Board of Executive Directors, to serve for a five-year and to renew the term. Here is the list of world bank presidents.