The world bank

The world bank was created in 1944 by the u.n., and according to legislation in order to regulate the international financial order. A three week conference resulted in agreements being signed by delegates from 44 nations that became legislative and resulted in the international monetary fund and the International bank for reconstruction and development; which came from ideas concerning a financial order of the post war world. The international monetary fund was authorized to set and maintain control of the exchange rate and convert a debt into assets. These dubious policies have morphed into present day scenarios such as food-for-oil programmes. In the middle East and South America there have been suspicions concerning the ruining and burning of crops in order to facilitate such programmes.
According to world bank legislation, all member countries are required to subscribe and legislation passed has curtailed economic nationalism, trade blocs and economic spheres of influence in favour of new regulatory legislation which marks the end of national autonomy.