The World Bank
The above image is directly from The World Bank Group’s
website, not to be confused with The World Bank.
However, The World Bank’s goal is to reduce poverty on a
global scale. Since it was established in 1944 that means FDR was president.
At the time of its inception supporting the White House meant
supporting domestic and foreign policy, and usually that policy meant the involvement
in the affairs of other countries.
I work in the
Archives of the LBJ Presidential Library and just yesterday was working on an
interview of President Gerald Ford. He talked about politicians that wanted to
limit US involvement with other countries (Isolationism) and his impressions of
LBJ. He also talked briefly about the Marshall Plan which helped European
countries and in effect helped stop the spread of Communism.
Before watching this interview I never realized how involved
politicians are with each other. They serve on committees together, much of
which isn’t seen by the public/media. And they have committees for everything.
In 1968 The World Bank started focusing on poverty in the
developing worlds thanks to LBJ’s appointment of Robert McNamara as the
president. McNamara was the Secretary of Defense during the Vietnam War under
both Kennedy and Johnson.
While McNamara was the 5th president, the 2nd
president was John Jay McCloy. Why am I bringing up McCloy? McCloy was later
appointed to the Warren Commission by LBJ, to investigate the assassination of
JFK. Who else was on this seven man committee? Gerald Ford, and he talked about
this in the very interview I spent hours working on.
I’m not surprised that it was LBJ who shifted the focus from
European countries to the developing world. Say what you want about how he
handled Vietnam, but you can’t deny what LBJ has done for the poor. His fight
for the basic needs of the people started a lot more locally than you think.
The World Bank was started with the best intentions and is
shifting to please critics while staying committed to its goal. I’m not foolish
enough to believe that there are no hidden political agendas. Usually The World
Bank is influenced by the Presidency and voting power. The US has the most
voting power at 15.85%. But
presidencies change; the mission goal stays the same.





