The World Bank was created in 1945 as the International Bank for Reconstruction and Development, aimed at financing postwar reconstruction and development projects. Its establishment marked a significant shift in international economic cooperation, focusing on reducing poverty and promoting sustainable development. The World Bank has played a crucial role in global economic policy, influencing development strategies in numerous countries.

The creation of the World Bank in 1945 influenced decolonization-era poetry, addressing themes of independence and global equity. Poets began to explore the complexities of poverty and development, using their work to advocate for social justice and economic reform.