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

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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 Presenting the Fifth Annual Report

(World Bank, Washington, DC, 1950-09-08) Black, Eugene R.

Eugene R. Black, President of the International Bank for Reconstruction and Development, spoke about the war in Korea and the repercussions around the world. He discussed how much progress was being made in Europe in hammering out new patterns of production and trade to replace and improve prewar patterns that cannot be restored. He also said that with the cooperation of the members, Bank can aid, in creating confidence and the kind of economic environment which will encourage productive investment, both local and foreign, private and public. He examined some of the steps underdeveloped nations must take in order to effectively translate aid into concrete development.