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  • 1960-1964  (5)
  • 1950-1954  (3)
  • Boston, MA : Safari
  • Washington, D.C : The World Bank
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Material
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Year
Author, Corporation
  • 1
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: George D. Woods, the President of the World Bank, remarked that both investment and trade are basic to economic development, which is the essential preoccupation of the Bank. He suggested that, in approaching its agenda, the aim of this Conference must be nothing less than to make a real start in evolving international trade and development policies which are more adequate than those presently prevailing for stimulating economic growth throughout the developing world. One consideration is whether to seek greater price stability through commodity agreements, or to try to mitigate the effects of price fluctuations through some new form of compensatory financing, or to try some new approach altogether. He earnestly urged that governments re-examine the amount of their pledges to IDA in the light of the pressing investment requirements of the developing countries
    Library Location Call Number Volume/Issue/Year Availability
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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: George D. Woods, President of the World Bank and its affiliates, spoke about Japan as a vibrant example of both reconstruction and development. He briefly reported on developments in the World Bank Group of institutions during the past year, including partnership agreements with the U.N. Food and Agriculture Organization and UNESCO. He indicated some of the principal preoccupations in the period ahead, such as a scarcity of good projects to support, large debt service burdens, and the next IDA replenishment. Finally, he concluded by saying a few words about developments in the world environment in which the Bank group operates and about the possible effect of those developments upon the role of the organizations
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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: George D. Woods, President of the World Bank Group, discussed the following: the willingness of the capital-exporting countries to continue and increase their annual contributions in support of the International Development Association (IDA); the operations of the International Finance Corporation (IFC); and the growing activity of the Bank Group, under the leadership of IFC, in the establishment and support of local private industrial finance companies. He addressed three problems that put a brake on economic progress: the commodity problem, the debt problem, and the policy problem. He sought expansion of Bank support to agriculture, industry, and education
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  • 4
    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: Eugene R. Black, President of the World Bank, spoke of the record levels for Bank and IDA commitments for economic development projects. More than four-fifths of the amount went to support power and transportation. IDA lent for purposes new to the Bank: municipal water supply, and construction of secondary schools. A new Development Advisory Service operation was created this year. He also discussed IFC's role in improving the economic growth of the less developed countries via stimulation of private capital markets. He spoke of international trade barriers and terms of trade and their role in the capacity to repay debt. He remarked on the choice between bilateral and multilateral aid, and the influence of politics on development choices. He called for more economic objectivity in aid decisions. He also noted the problem of enlargement of IDA's resources for the future. He concluded by saying that Bank is showing how an instrument of international cooperation can bring the world's resources to bear on the problems that are of concern to most of mankind--a kind of burning glass that can kindle the fire of hope even in the most remote and forsaken corners of the earth
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  • 5
    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: Eugene R. Black, President of the World Bank, bid farewell to Robert Garner, who presided over the birth of the International Finance Corporation and nursed it through its inevitable growing pains. He then focused on some old and some new problems, and, in particular, the newest member of the World Bank family, the International Development Association. IDA credits will have grace periods, long maturities, and low or no interest or commitment charges. Many IDA recipients have heavy foreign debt service burdens. He concluded by saying that the share of capital should increase that goes to the underdeveloped countries on terms properly geared to their requirements
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  • 6
    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: Eugene R. Black, President of the International Bank for Reconstruction and Development, greeted two new member countries, Indonesia and Israel. He reviewed Bank lending operations, which continues to grow. He commented on the dangers of supplier credits in situations where long-term finance is more appropriate. He mentioned the technical and financial assistance extended by the Bank to development institutions in many countries, including the construction of electric power capacity
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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: Eugene R. Black, President of the International Bank for Reconstruction and Development, reviewed Bank lending and pleaded for member countries to release their local currency subscriptions to the use of the Bank. He mentioned his practice to visit for some time each year some part of the world, getting to know at first hand the economic and development problems of member countries. He discussed an indispensable element in the financing of long-term development which is the increased flow into the underdeveloped world of private investment capital from abroad. He described how the bulk of Bank's investment operations had been in the field of public utilities, especially of electric power, and Bank is constantly encountering the importance of power, even where Bank are financing projects outside the immediate power field. He concluded by saying that private capital would make a large contribution to Bank's investment, which would benefit recipient countries by helping to speed their development and to raise their productivity and their living standards
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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: Eugene R. Black, President of the International Bank for Reconstruction and Development, described the lending approach of the Bank to various countries in the World. He discussed the proposed International Finance Corporation as a useful instrument for stimulating investment of private capital, both domestic and foreign, in enterprises significant in economic development. He spoke about sending general survey missions, composed of impartial experts, to help countries assess their potentialities and to draw up broad programs which will best channel their own energies and resources into development. He discussed development of water resources of the Indus River. He commented on the Schuman Plan for coal and steel in Europe. He concluded by saying that Bank has a vital role to play in development
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