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  • 1965-1969  (14)
  • Washington, D.C : The World Bank
  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Robert S. McNamara, President of the World Bank Group, notes that Notre Dame has become a catalytic center of creative thought. It does what universities do best: it probes. It probes the present for what is most formative of the future. And it probes the future for what will most enlarge man's freedom and fulfillment. He goes on to discuss the issue of excessive population growth. The problem will not disappear and must be dealt with soon. If not the opportunity to find a rational and humane solution will disappear
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  • 2
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Robert S. McNamara, President of the World Bank Group, emphasizes that the Bank is a development investment institution, not a philanthropic or social welfare organization. He says the Bank's lending policy is founded on two basic principles: sound projects and creditworthy borrowers. Loans are not made unless both criteria are met. He discussed hard-loan operations of the IBRD. In the Bank's 23-year history, there have been no losses on its loans. No government has failed to honor its obligations. The Bank has not been a target for debt repudiation as have bilateral aid agencies and private credit corporations. He says the reason is obvious. Developing nations are convinced that it is in their own best interest to keep impeccable relations with the Bank. He further states that because the Bank's loans, made out of borrowed funds, are disbursed and repaid in the same currencies, the Bank faces no devaluation risks on its borrowed funds. Its obligations to its creditors are matched by the repayments due from the borrowers. He concludes by saying that the World Bank is unique in its security and strength, and in its purpose and program. In the business of development, hardheaded realism must be the guide. Neither naive optimism, nor despondent pessimism will do. The simple fact is that in the last third of the twentieth century the underdeveloped world will either develop, or it will be caught up in catastrophe. The one thing it will not do is stand still and wait
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  • 3
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Robert S. McNamara, President of the World Bank Group, discussed the following topics: past progress and future plans for the expansion of the Bank's operations; increased attention for population planning, educational advance, and agricultural expansion; three urgent, interrelated development problems unemployment, urbanization, and industrialization to which the Bank and all other development institutions must direct additional effort; and an approach to the formulation of a strategy for development
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  • 4
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Series Statement: World Bank E-Library Archive
    Abstract: In his first public speech as President of the World Bank, Robert S. McNamara stressed that the Bank faced the question of what action the Bank, as a development organization, needs to take to overcome the recent mood of frustration and failure among developing countries and donors. He noted that Lester Pearson will lead an independent commission on the state of development aid. In the meantime, McNamara vowed that the Bank can and will act, and it will provide leadership in development planning. He proposed that the Bank Group double lending over the next five years, directed at developing national economies, stimulating growth, and aiding the poorest nations which need the most help. Some of this effort will be funded by a dramatic increase in Bank borrowing. Additionally, he note the need for more international representation among the Bank's staff to really be an International Bank. He called for changes in resource allocation to geographic areas and economic sectors. Aid to the regions of Latin America and Africa will rise relative to South Asia. He advocated increased focus to Education and Agriculture. He called for new initiatives to control population growth. He proposed three courses of action. First, make it clear to developing countries how the rapid growth of the population slows down their development potential. Second, look for opportunities to fund facilities for its members to carry out their programs of family planning. Third, join forces with others in research programs to determine the methods of the most effective family planning and national administration of population control programs
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 5
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: These are the prepared remarks of Robert S. McNamara, President of the World Bank, International Finance Corporation, and the International Development Association (IDA). He declares that our common enterprise is to drive back poverty, to lift living standards and to enhance the dignity of man. The Bank intends to lend twice as much in the next five years as in the previous five. He discusses the Bank's lending in Asia. He discusses new geographical accents. The Bank and IDA are now ready to finance state-owned development banks; and training of managers and agriculturalists. He discusses putting population policy at the center of future strategy
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  • 6
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Robert S. McNamara, on his first visit to Latin America as President of the World Bank Group, spoke about his concerns about Latin American economies and hopes for increased lending in education and agriculture. He is concerned about the U.S. Congress approving the IDA replenishment. He asked for resolve to achieve: more equitable distribution of the benefits of increased productivity; balanced growth; export diversification; and strengthened regional cooperation. He stated that unrestrained population growth cripples economic growth. He highlighted the necessity for stabilizing the rate of population growth
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  • 7
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: George D. Woods, President of the World Bank Group, spoke about the following: the record of the World Bank Group's activities of the past fiscal year; finance for the International Development Association (IDA); education, teaching new skills, and cultivating new attitudes toward social and economic change; exports of the less developed countries; and the effectiveness of development finance
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  • 8
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: George D. Woods, President of the World Bank Group, spoke of a world crisis. Food riots in Asia, government coups in Africa, student violence in this Hemisphere and elsewhere, are among the symptoms of it. It is the crisis of a new world trying to be born--the crisis of the developing countries in their struggle to achieve economic viability, national unity, and the respect of other nations. The task of development assistance has proved to be one of almost infinite complexity. The process of growth, whether of people or countries, is intricate, and when its intricacy is compounded by all the difficulties of relationships between sovereign nations, problems seem to arise in a limitless number of permutations and combinations. The knowledge and the means exist to enlarge greatly the riches of the world, to help many millions to escape hunger and to achieve, or at least approach, decent living standards for the first time. What is needed now are firm political decisions to carry out an intensive, sustained and coordinated attack on underdevelopment, together with the political will and stamina to stay the course. This will require overcoming some paradoxes that have trapped both donor and recipient countries. The World Bank Group is in a strong position to tackle these aid issues due to its articles of agreement which endow it with an aptitude for cooperation, the opportunity to be independent, and a fundamental policy of basing operations on economic factors and staying out of politics
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  • 9
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: George D. Woods, President of the World Bank Group, spoke about the proposal to markedly increase the funds available to the World Bank's affiliate, the International Development Association (IDA) and the financial resources going to the new regional development banks working in Africa, Asia and Latin America. The United Nations Development Program is also trying to raise the level of the government contributions it receives. Governments must soon decide about these measures of support for multilateral institutions. If the momentum of economic growth in countries of Africa, Asia and Latin America is lost, if leaders in these regions lose heart, then the prospect is for deterioration in world affairs that in the end will inevitably be of the highest concern in the industrial countries themselves. This need not be the future. And it will not be the future if the industrialized countries give development finance a realistic priority among their other concerns and responsibilities. He spoke about the difference between tied aid and untied aid. He discussed the Development Assistance Committee consultative group and aid coordination. The Bank acts as an honest broker and expert adviser
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  • 10
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: George D. Woods, President of the World Bank Group, spoke of his appreciation of the splendid support and encouragement the Bank receives from the Swedish community. Sweden's exemplary support for the International Development Association (IDA) has an importance and a significance beyond the actual capital sums that it has made available. IDA aid helps developing peoples achieve a steady advance toward their goals of modern productivity, appropriate modern education, and self-reliant growth
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  • 11
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: George D. Woods, President of the World Bank Group, points out the activities well established by the Bank in its 20th year. He discusses: 1) International Development Association financing of education and agriculture, which includes among other things fertilizer components and plants, highways, irrigation, and credit for small agriculturists; 2) two projects aimed at increasing the willingness of the private entrepreneur and investor to venture abroad; 3) problems that confront economic developments; and 4) some specific achievements
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  • 12
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: George D. Woods, President of the World Bank Group, spoke about the Bank and IDA helping to put down the foundations of economic growth in the form of transportation and electric power projects, and going deeper into the development of human resources. He discussed the progress made by World Bank Group in the field of agriculture and education. He mentioned the drafting of a scheme for multilateral investment insurance. He highlighted aid coordination to accelerate development in developing countries. He concluded that the industrialized countries should make a joint and thorough examination of what they are trying to achieve in their relationships with the developing world
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  • 13
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: George D. Woods, President of the World Bank and its affiliates, spoke about raising living standards; the World Bank Group funds to financing development; efforts to encourage private international investment, and two special projects, namely, amendment of the Bank and International Finance Corporation (IFC) charters and convention on the settlement of investment disputes; and two initiatives of the Bank, namely, a study, organized jointly by the International Coffee Organization, Food and Agriculture Organization (FAO), and the Bank, and proposal put forward by the United Kingdom and Swedish delegations at the 1964 United Nations conference on trade and development
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  • 14
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: George D. Woods, President of the World Bank Group, spoke about empires and some of the great works of their construction. He discussed common illusions about developing countries. He argued for making the rallying cry, "No Taxation without Representation" a cornerstone of development. He explained that it was through adding a measure of the Bank's experience and wealth to the scarce resources available for increasing productivity in the lands in developing countries that we help economic progress. He concluded by saying that countries with a material surplus must continue to cultivate the habit of investing some of that surplus into development overseas
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