The World Bank is one of the specialized agencies of the United Nations, however in reality the Bank has three (3) specialized bodies, which are, the International Bank for Reconstruction and Development, the International Development Association and the International Finance Corporation. That is why there is even always the confusion of whether there are 15 or 17 specialized agencies. Apart from the aforementioned agencies, the World Bank has others, such as the Multilateral Investment Guarantee Agency and the International Center for Settlement of Investment Disputes, which do not have specialized status. The World Bank's objective is to combat poverty by offering loans to states at a soft rate, as well as providing the necessary support to states, especially those in development. The World Bank was born with the so-called Bretton Woods Conference held between July 1 and 22, 1944, and its homonymous agreements, which give way to the international monetary system, as it is known today, for the approval of the dollar as exchange currency to replace gold. Although in practice the World Bank does not perform the function of a bank, but, rather, that this function is performed by the International Monetary Fund, which is also born from the Bretton Woods agreements. The World Bank has been an agency that has been more dedicated to financing development projects in some countries. The World Bank is based in Washington, United States.