New World Bank

The World Bank, founded in 1944 at the Bretton Woods Conference, is a major international institution providing loans and grants to low- and middle-income countries to promote development and fight poverty. It launched in 1946, initially helping Europe’s post-WWII recovery, and later expanded to global sustainability and poverty programs. The World Bank Group (WBG) includes IBRD, IDA, IFC, MIGA, and ICSID. This paper proposes revising its functions, especially for a global currency system initiative, as part of the Prelude reform to enhance its influence and economic stability worldwide.