Address Presenting the Second Annual Report of the International Bank

John. J. McCloy, President of the International Bank for Reconstruction and Development, discussed staff recruitment and the development of Bank policies. Loan requirements emphasize productive projects of reconstruction and development. Supervision ensures the funds are not diverted. He spoke of th...

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Main Author:	McCloy, John J.
Format:	Speech
Language:	English
Published:	Washington, DC: World Bank 2019
Subjects:	WORLD BANK OPERATIONS WORLD BANK PORTFOLIO BOND ISSUE FINANCIAL REFORM CAPITAL MARKETS MARSHALL PLAN DEVELOPMENT POTENTIAL RECONSTRUCTION
Online Access:	http://documents.worldbank.org/curated/en/676431468154768162/Second-Annual-meeting-of-the-Board-of-Governors-address-by-John-J-McCloy-President-of-the-IBRD http://hdl.handle.net/10986/31691

id	okr-10986-31691
recordtype	oai_dc
spelling	okr-10986-316912021-04-23T14:05:09Z Address Presenting the Second Annual Report of the International Bank McCloy, John J. WORLD BANK OPERATIONS WORLD BANK PORTFOLIO BOND ISSUE FINANCIAL REFORM CAPITAL MARKETS MARSHALL PLAN DEVELOPMENT POTENTIAL RECONSTRUCTION John. J. McCloy, President of the International Bank for Reconstruction and Development, discussed staff recruitment and the development of Bank policies. Loan requirements emphasize productive projects of reconstruction and development. Supervision ensures the funds are not diverted. He spoke of the need for balanced budgets, sound tax systems, and monetary stability. The Bank is in a position to help facilitate financial reforms. McCloy has been in close contact with the American investment community as the Bank floated its first bond issue. He highlighted the need to gain access to currencies of other member countries. He noted the relationship of Marshall Plan aid to Bank activities. Despite the discouraging economic situation, he believes the Bank has made real progress in repairing the damage from the war. The best hope for the future lies in the magnitude of development potential of the Bank’s members. 2019-05-13T21:21:37Z 2019-05-13T21:21:37Z 1947-09-12 Speech http://documents.worldbank.org/curated/en/676431468154768162/Second-Annual-meeting-of-the-Board-of-Governors-address-by-John-J-McCloy-President-of-the-IBRD http://hdl.handle.net/10986/31691 English Meeting of the Board of Governors, Washington, DC, September 12, 1947; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: President's Speech
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	WORLD BANK OPERATIONS WORLD BANK PORTFOLIO BOND ISSUE FINANCIAL REFORM CAPITAL MARKETS MARSHALL PLAN DEVELOPMENT POTENTIAL RECONSTRUCTION
spellingShingle	WORLD BANK OPERATIONS WORLD BANK PORTFOLIO BOND ISSUE FINANCIAL REFORM CAPITAL MARKETS MARSHALL PLAN DEVELOPMENT POTENTIAL RECONSTRUCTION McCloy, John J. Address Presenting the Second Annual Report of the International Bank
relation	Meeting of the Board of Governors, Washington, DC, September 12, 1947;
description	John. J. McCloy, President of the International Bank for Reconstruction and Development, discussed staff recruitment and the development of Bank policies. Loan requirements emphasize productive projects of reconstruction and development. Supervision ensures the funds are not diverted. He spoke of the need for balanced budgets, sound tax systems, and monetary stability. The Bank is in a position to help facilitate financial reforms. McCloy has been in close contact with the American investment community as the Bank floated its first bond issue. He highlighted the need to gain access to currencies of other member countries. He noted the relationship of Marshall Plan aid to Bank activities. Despite the discouraging economic situation, he believes the Bank has made real progress in repairing the damage from the war. The best hope for the future lies in the magnitude of development potential of the Bank’s members.
format	Speech
author	McCloy, John J.
author_facet	McCloy, John J.
author_sort	McCloy, John J.
title	Address Presenting the Second Annual Report of the International Bank
title_short	Address Presenting the Second Annual Report of the International Bank
title_full	Address Presenting the Second Annual Report of the International Bank
title_fullStr	Address Presenting the Second Annual Report of the International Bank
title_full_unstemmed	Address Presenting the Second Annual Report of the International Bank
title_sort	address presenting the second annual report of the international bank
publisher	Washington, DC: World Bank
publishDate	2019
url	http://documents.worldbank.org/curated/en/676431468154768162/Second-Annual-meeting-of-the-Board-of-Governors-address-by-John-J-McCloy-President-of-the-IBRD http://hdl.handle.net/10986/31691
_version_	1764474900205010944

Address Presenting the Second Annual Report of the International Bank

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