10. Speeches of World Bank Presidents [collection under construction]

376 items available

Permanent URI for this collection

http://hdl.handle.net/10986/24239

Sub-collections of this Collection

Items in this collection

Now showing 1 - 10 of 11

Address at the Annual Dinner of the Connecticut Chamber of Commerce

(World Bank, Washington, DC, 1956-05-08) Black, Eugene R.

Eugene R. Black, President of the International Bank for Reconstruction and Development, spoke about underdeveloped areas of the world and the role of World Bank on those areas. He focused on the role of trade in developed and developing countries and its implications for their economic development. He explained the role of the Bank in encouraging participation of private capital in international investment.
The World Bank as Lender and Borrower: A Ten-Year Report

(World Bank, Washington, DC, 1956-03-21) Black, Eugene R.

Eugene R. Black, President of the International Bank for Reconstruction and Development, reviewed the ten years of Bank's operations. He expressed his appreciation for the great assistance which had been rendered by Switzerland to the World Bank in all its operations, including bond sales. He described the role of the International Finance Corporation in encouraging private investment. Operations will begin once 30 member countries subscribe to at least $75 million.
Address to the Canadian Club of Montreal

(World Bank, Washington, DC, 1956-01-16) Black, Eugene R.

Eugene R. Black, President of the World Bank Group, spoke about the vigorous partnership between Canada and the World Bank. He described at length the relationship between Canada and the Bank in terms of lending and the country's progress in various areas of economic development.
Address before the Economic and Social Council of the United Nations

(World Bank, Washington, DC, 1951-03-06) Black, Eugene R.

Eugene R. Black, President of the International Bank for Reconstruction and Development, spoke about the fifth annual report and a supplemental statement to show what Bank was doing to enlarge the freedom of men. He described the Bank functioning effectively as a pool of both the government and private resources. He spoke about the bonds of International Bank that are well established in the America securities market. He warned of inflation risks and equipment shortages due to the Korean War. He spoke of the need for international coordination of the many sources of financing and aid.
Address before the Investment Dealers' Association of Canada, Eastern District

(World Bank, Washington, DC, 1950-02-23) Black, Eugene R.

Eugene R. Black, President of the International Bank for Reconstruction and Development (also known as the “World Bank”), spoke about the twin Bank goals of the reconstruction and development. He discussed about the European countries that had long played a pivotal role in the functioning of the world economy. Unless their foreign trade could be revived and expanded the economic position of almost every other country would remain insecure. He described about Brazil and El Salvador and the relationship of the Bank with them that had centered on specific projects for which loans were desired. He concluded by saying that technical advice and financial assistance extended by Bank to its member countries would contribute for the economic stability of the world as a whole.
Address before the Foreign Policy Association, Minneapolis, January 19, 1949

(World Bank, Washington, DC, 1949-01-19) McCloy, John J.

John J. McCloy, President of the International Bank for Reconstruction and Development, spoke about the elusive matter of international economic recovery. He reviewed the policy environment for the European Recovery Program (Marshall Plan), economic integration, and international trade imbalances. Europe’s dollar problem is America’s dollar problem.
Address Presenting the Third Annual Report

(World Bank, Washington, DC, 1948-09-28) McCloy, John J.

John J. McCloy, President of the International Bank for Reconstruction and Development, discussed the European Recovery Program and the role of Bank in it. He reported on provisions for using loan proceeds. He was proud of a guarantee operation to sell the notes of Dutch shipping companies to U.S. banks. He spoke about how the Bank sold to the Bank for International Settlements an issue of Swiss Franc bonds, and the proceeds were used in the loan to The Netherlands. He concluded by talking about variety of the projects presented to the Bank from all over the world and how this would keep the Bank busy.
Address before the Overseas Press Club of America, New York City, March 16, 1948

(World Bank, Washington, DC, 1948-03-16) McCloy, John, J.

John J. McCloy, President of the International Bank for Reconstruction and Development, discussed the appropriate function of the Bank. It cannot be the overall financer of global balance of payment deficits. It can finance economically strategic and productive projects. It can be the bridge between government and private financing, and thereby complement the Marshall Plan. He discussed administration of the Marshall Plan and national self-interest. The opportunity afforded by recovery of Europe and its closer integration remains the first and most promising objective to achieve.
Address Broadcast over Station CFCF, Montreal, February 18, 1948

(World Bank, Washington, DC, 1948-02-18) McCloy, John J.

John J. McCloy, President of the International Bank for Reconstruction and Development, commented on the interdependence of Canada with the world economy. He discussed the sources of capital the Bank draws upon for lending and guarantees. He noted that the European Recovery Program (Marshall Plan) does not conflict with role of the International Bank. He discussed the economic situation of Latin America and its relation to Europe. He warned that the European Recovery Program has limitations.
Address Presenting the Second Annual Report of the International Bank

(Washington, DC: World Bank, 1947-09-12) McCloy, John J.

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.