UN General Assembly
1957

7. It was for this reason that, in the middle of the war, the American countries gave support to the establishment of international agencies whose main objective would be to expedite the recovery of the devastated areas. To this end, they contributed the best of the resources at their disposal. The international financial organization created at the United Nations Monetary and Financial Conference held at Bretton Woods in July 1944, and in which all the American nations have a share, included the International Bank for Reconstruction and Development. It was given two equally important missions: one, that of reconstructing the war-torn areas, and the other, a long-range one, that of providing assistance to economically underdeveloped countries.