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Now showing 1 - 10 of 33
  • Publication
    Annual Address to the Board of Governors, September 29, 1959
    (World Bank, Washington, DC, 1959-09-29) Black, Eugene R.
    Eugene R. Black, President of the World Bank, spoke about the growth of lending for reconstruction and development of its member countries. He discussed the 49 successful issues of securities, with the latest bond issue involving investors from eight countries that had not bought before. He spoke about how the Bank had established contacts with industrial development banks, public and private, in a large number of member countries, and through these hundreds of small enterprises were contributing new jobs and new production for a better material life in the underdeveloped world. Black suggested that there is a role for a new entity of private international investors from all countries to champion policies which attract private investment. He also spoke of the proposed establishment of the International Development Association. He warned against import substitution trade policies. He concluded by saying if Bank energy and resources were used rightly, it would reduce the burden of poverty in the world.
  • Publication
    Annual Address to the Board of Governors, October 7, 1958
    (World Bank, Washington, DC, 1958-10-07) Black, Eugene R.
    Eugene R. Black, President of the World Bank, presented the Annual Report of the World Bank, which tells a story of how peoples and governments in many underdeveloped countries are beginning to work out the complicated problems of economic development and beginning to reap the rewards of their efforts. This was a year of more activity than anytime previously. Bank lending amounted to $711 million or over 75 percent more than the average of the previous three years. This marked increase promises to be sustained in the present year. In August, the Bank’s bond issue was oversubscribed, and place entirely outside the United States. The Federal Republic of Germany has played an increasing role as a supplier of development capital. Black urged again for the release of restrictions on the use of member capital subscriptions. The Bank played a role as mediator in the dispute over the Suez Canal. Bank advisory services expanded; resident representatives now work in nine countries. The lack of suitable projects remains the main limitation to expanding operations, but this may soon no longer be the case. Proposals are under review for regional development institutions in Latin America and the Middle East. A weighty responsibility rests on the shoulders of every government that is a recipient of external assistance to create conditions where its capital can be invested wisely and productively.
  • Publication
    Annual Address to the Board of Governors, September 23, 1957
    (World Bank, Washington, DC, 1957-09-23) Black, Eugene R.
    Eugene R. Black, President of the International Bank for Reconstruction and Development, spoke about the happenings in the Middle East which threatened to bring major economic dislocation and, at times, the world outlook had been bleak. He mentioned about the large amount lent by the Bank and important additions to its capital resources during the fiscal year 1957. He explained two loans for air transport that helped Australia and India to acquire the latest types of aircraft for their air lines. He concluded by saying that the Bank should make, over the years ahead, a continued and significant contribution to the capital requirements of basic development on which higher living standards depend.
  • Publication
    Annual Address to the Board of Governors, September 25, 1956
    (World Bank, Washington, DC, 1956-09-25) Black, Eugene R.
    Eugene R. Black, President of the International Bank for Reconstruction and Development, mentioned lending done in Asia, which was more than in any other continent. He spoke about the non-lending activities of the Bank which also continued to expand during the year. He discussed the role of International Finance Corporation (IFC) which came into being in July. He concluded by saying that less developed countries hold large part of the key to the future of the world.
  • Publication
    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.
  • Publication
    Address before the Twenty-First Session of the Economic and Social Council of United Nations, New York City
    (World Bank, Washington, DC, 1956-04-18) Black, Eugene R.
    Eugene R. Black, President of the International Bank for Reconstruction and Development, discussed the newest development in the Bank's technical assistance work, including the International Finance Corporation. He explained the significant progress made by Bank in the postwar decade, and the continued and intensified efforts to accelerate the pace of development.
  • Publication
    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.
  • Publication
    Common Sense and Economic Aid
    (World Bank, Washington, DC, 1956-02-18) Black, Eugene R.
    Eugene R. Black, President of the International Bank for Reconstruction and Development, spoke about America economic aid to other countries. He described in detail the Bank’s business of economic development. The Bank can help developing countries to make a choice in their own interests. He described a hydroelectric power project in Egypt.
  • Publication
    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.
  • Publication
    Annual Address to the Board of Governors, September 12, 1955
    (World Bank, Washington, DC, 1955-09-12) Black, Eugene R.
    Eugene R. Black, President of the International Bank for Reconstruction and Development, stated that the Bank, as it enters its tenth year, is going forward in the same spirit of exploration and innovation that has marked its life up to now. Against the always pressing problem of how to raise production and standards of living, we are moving in new, and we hope, constructive ways. The Bank established the Economic Development Institute, a staff college for senior officials in less developed countries. The Bank is now collecting information on credit transactions to better assess risk. The fact that our times are complex, and that the responsibilities of government have grown, should not obscure the truth that economic progress can continue with full momentum only if individuals and groups of individuals have the greatest possible opportunity to make their own successes, and for that matter, to make their own mistakes. The elevation of living standards has properly become a task of first importance to which governments throughout the world are applying their energies and for which they are mobilizing their resources. It will be a sad circumstance if they should neglect to exploit to the full that most productive attribute of the human race, the spirit of individual enterprise.