Annual Address to the Board of Governors, September 18, 1962

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 s...

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Main Author:	Black, Eugene R.
Format:	Speech
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	WORLD BANK LENDING IDA COMMITMENTS LOW INTEREST RATE DEVELOPMENT ADVISORY SERVICE WATER SUPPLY SCHOOL CONSTRUCTION INTERNATIONAL DEVELOPMENT ASSOCIATION INTERNATIONAL FINANCE CORPORATION TRADE BARRIERS DISCRIMINATORY TRADE CONCESSIONS TERMS OF TRADE EXTERNAL PUBLIC DEBT INTERNATIONAL TRADE POLICY ECONOMIC OBJECTIVITY
Online Access:	http://documents.worldbank.org/curated/en/555691524661321221/Annual-address-by-Eugene-R-Black-President-of-the-Bank-and-its-affiliates http://hdl.handle.net/10986/31782

id	okr-10986-31782
recordtype	oai_dc
spelling	okr-10986-317822021-04-23T14:04:54Z Annual Address to the Board of Governors, September 18, 1962 Black, Eugene R. WORLD BANK LENDING IDA COMMITMENTS LOW INTEREST RATE DEVELOPMENT ADVISORY SERVICE WATER SUPPLY SCHOOL CONSTRUCTION INTERNATIONAL DEVELOPMENT ASSOCIATION INTERNATIONAL FINANCE CORPORATION TRADE BARRIERS DISCRIMINATORY TRADE CONCESSIONS TERMS OF TRADE EXTERNAL PUBLIC DEBT INTERNATIONAL TRADE POLICY ECONOMIC OBJECTIVITY 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. 2019-06-04T21:13:01Z 2019-06-04T21:13:01Z 1962-09-18 Speech http://documents.worldbank.org/curated/en/555691524661321221/Annual-address-by-Eugene-R-Black-President-of-the-Bank-and-its-affiliates http://hdl.handle.net/10986/31782 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC 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 LENDING IDA COMMITMENTS LOW INTEREST RATE DEVELOPMENT ADVISORY SERVICE WATER SUPPLY SCHOOL CONSTRUCTION INTERNATIONAL DEVELOPMENT ASSOCIATION INTERNATIONAL FINANCE CORPORATION TRADE BARRIERS DISCRIMINATORY TRADE CONCESSIONS TERMS OF TRADE EXTERNAL PUBLIC DEBT INTERNATIONAL TRADE POLICY ECONOMIC OBJECTIVITY
spellingShingle	WORLD BANK LENDING IDA COMMITMENTS LOW INTEREST RATE DEVELOPMENT ADVISORY SERVICE WATER SUPPLY SCHOOL CONSTRUCTION INTERNATIONAL DEVELOPMENT ASSOCIATION INTERNATIONAL FINANCE CORPORATION TRADE BARRIERS DISCRIMINATORY TRADE CONCESSIONS TERMS OF TRADE EXTERNAL PUBLIC DEBT INTERNATIONAL TRADE POLICY ECONOMIC OBJECTIVITY Black, Eugene R. Annual Address to the Board of Governors, September 18, 1962
description	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.
format	Speech
author	Black, Eugene R.
author_facet	Black, Eugene R.
author_sort	Black, Eugene R.
title	Annual Address to the Board of Governors, September 18, 1962
title_short	Annual Address to the Board of Governors, September 18, 1962
title_full	Annual Address to the Board of Governors, September 18, 1962
title_fullStr	Annual Address to the Board of Governors, September 18, 1962
title_full_unstemmed	Annual Address to the Board of Governors, September 18, 1962
title_sort	annual address to the board of governors, september 18, 1962
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/555691524661321221/Annual-address-by-Eugene-R-Black-President-of-the-Bank-and-its-affiliates http://hdl.handle.net/10986/31782
_version_	1764470333385998336

Annual Address to the Board of Governors, September 18, 1962

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