As the World Bank’s largest shareholder, the United States has traditionally managed the selection process for appointments to the presidency of the institution, chartered after World War II to help finance the reconstruction of war-torn countries. It is a reflection of the pre-eminence of the U.S. role at the bank that, to date, every World Bank president has been an American citizen. It is also important that the World Bank president be an American citizen in order to help to ensure continuing congressional funding of the bank.