Publication: Annual Address to the Board of Governors, September 25, 1967
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1967-09-25
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1967-09-25
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George D. Woods, President of the World Bank Group, spoke about the following: the record of the World Bank Group's activities of the past fiscal year; finance for the International Development Association (IDA); education, teaching new skills, and cultivating new attitudes toward social and economic change; exports of the less developed countries; and the effectiveness of development finance.
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“Woods, George D.. 1967. Annual Address to the Board of Governors, September 25, 1967. © World Bank. http://hdl.handle.net/10986/33127 License: CC BY 3.0 IGO.”
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Publication Annual Address to the Board of Governors, September 27, 1965(World Bank, Washington, DC, 1965-09-27)George D. Woods, President of the World Bank and its affiliates, spoke about raising living standards; the World Bank Group funds to financing development; efforts to encourage private international investment, and two special projects, namely, amendment of the Bank and International Finance Corporation (IFC) charters and convention on the settlement of investment disputes; and two initiatives of the Bank, namely, a study, organized jointly by the International Coffee Organization, Food and Agriculture Organization (FAO), and the Bank, and proposal put forward by the United Kingdom and Swedish delegations at the 1964 United Nations conference on trade and development.Publication Address to the Board of Governors, September 25, 1972(World Bank, Washington, DC, 1972-09-25)Robert S. McNamara, President of the World Bank, reported on the Bank’s operations in fiscal year 1972 and reviewed the progress of the Five-Year Program for 1969–73. He assessed the current state of development in member countries and outlined the program for the five years 1974–78. He explored the central issue of the relationship of social equity to economic growth. Given the shortfall in official development assistance, the debt problem, and the procrastination of the developed countries in dismantling discriminatory trade barriers, the Second Development Decade’s 6 percent growth target is not going to be met by many nations. The most persistent poverty is that of the low-income strata, roughly the poorest 40 percent of the total population in all development countries—who are trapped in conditions of deprivation. He argues that an urgent task is to reorient development policies to directly attack the poverty of the most deprived 40 percent of the population. Governments must achieve this without abandoning their goals of overall economic growth. Greater priority is needed to establish growth targets in terms of essential humans needs: nutrition, housing, health, literacy and employment, even at the cost of some reduction in the pace of advance in certain narrow and highly privileged sectors whose benefits accrue to the few.Publication Annual Address to the Board of Governors, September 7, 1964(World Bank, Washington, DC, 1964-09-07)George D. Woods, President of the World Bank and its affiliates, spoke about Japan as a vibrant example of both reconstruction and development. He briefly reported on developments in the World Bank Group of institutions during the past year, including partnership agreements with the U.N. Food and Agriculture Organization and UNESCO. He indicated some of the principal preoccupations in the period ahead, such as a scarcity of good projects to support, large debt service burdens, and the next IDA replenishment. Finally, he concluded by saying a few words about developments in the world environment in which the Bank group operates and about the possible effect of those developments upon the role of the organizations.Publication Annual Address to the Board of Governors, September 26, 1966(World Bank, Washington, DC, 1966-09-26)George D. Woods, President of the World Bank Group, points out the activities well established by the Bank in its 20th year. He discusses: 1) International Development Association financing of education and agriculture, which includes among other things fertilizer components and plants, highways, irrigation, and credit for small agriculturists; 2) two projects aimed at increasing the willingness of the private entrepreneur and investor to venture abroad; 3) problems that confront economic developments; and 4) some specific achievements.Publication Annual Address to the Board of Directors, September 30, 1963(World Bank, Washington, DC, 1963-09-30)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.
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