Finance for Developing Countries : A Time for Decision

Finance for Developing Countries : A Time for Decision

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 t...

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Main Author: Woods, George D.
Format: Speech
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
FOOD AID
ELECTRIC POWER DEVELOPMENT
IMPORT TARIFFS
DEVELOPMENT FINANCE
DEVELOPMENT ASSISTANCE
AID COORDINATION
MULTILATERAL ASSISTANCE
PAID-IN CAPITAL
DONOR COORDINATION
Online Access:http://documents.worldbank.org/curated/en/691491542189513473/Finance-for-Developing-Countries-a-time-for-decision-Address-by-George-D-Woods-President-World-Bank-Group-at-the-meeting-of-the-School-of-International-Affairs-Columbia-University
http://hdl.handle.net/10986/33126
id okr-10986-33126
recordtype oai_dc
spelling okr-10986-331262021-04-23T14:05:09Z Finance for Developing Countries : A Time for Decision Woods, George D. FOOD AID ELECTRIC POWER DEVELOPMENT IMPORT TARIFFS DEVELOPMENT FINANCE DEVELOPMENT ASSISTANCE AID COORDINATION MULTILATERAL ASSISTANCE PAID-IN CAPITAL DONOR COORDINATION 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. 2020-01-03T16:28:14Z 2020-01-03T16:28:14Z 1967-04-13 Speech http://documents.worldbank.org/curated/en/691491542189513473/Finance-for-Developing-Countries-a-time-for-decision-Address-by-George-D-Woods-President-World-Bank-Group-at-the-meeting-of-the-School-of-International-Affairs-Columbia-University http://hdl.handle.net/10986/33126 English Gabriel Silver Memorial Lecture, School of International Affairs, Columbia University, April 13, 1967; 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 Latin America & Caribbean Colombia
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic FOOD AID
ELECTRIC POWER DEVELOPMENT
IMPORT TARIFFS
DEVELOPMENT FINANCE
DEVELOPMENT ASSISTANCE
AID COORDINATION
MULTILATERAL ASSISTANCE
PAID-IN CAPITAL
DONOR COORDINATION
spellingShingle FOOD AID
ELECTRIC POWER DEVELOPMENT
IMPORT TARIFFS
DEVELOPMENT FINANCE
DEVELOPMENT ASSISTANCE
AID COORDINATION
MULTILATERAL ASSISTANCE
PAID-IN CAPITAL
DONOR COORDINATION
Woods, George D.
Finance for Developing Countries : A Time for Decision
geographic_facet Latin America & Caribbean
Colombia
relation Gabriel Silver Memorial Lecture, School of International Affairs, Columbia University, April 13, 1967;
description 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.
format Speech
author Woods, George D.
author_facet Woods, George D.
author_sort Woods, George D.
title Finance for Developing Countries : A Time for Decision
title_short Finance for Developing Countries : A Time for Decision
title_full Finance for Developing Countries : A Time for Decision
title_fullStr Finance for Developing Countries : A Time for Decision
title_full_unstemmed Finance for Developing Countries : A Time for Decision
title_sort finance for developing countries : a time for decision
publisher World Bank, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/691491542189513473/Finance-for-Developing-Countries-a-time-for-decision-Address-by-George-D-Woods-President-World-Bank-Group-at-the-meeting-of-the-School-of-International-Affairs-Columbia-University
http://hdl.handle.net/10986/33126
_version_ 1764474977347698688

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