Annual Address to the Board of Directors, September 30, 1963

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 (...

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Bibliographic Details
Main Author: Woods, George D.
Format: Speech
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
Online Access:http://documents.worldbank.org/curated/en/844631524817934563/Annual-address-by-George-D-Woods-President-of-the-Bank-and-its-affiliates
http://hdl.handle.net/10986/31894
Description
Summary: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.