Publication: Address before the Twenty-First Session of the Economic and Social Council of United Nations, New York City
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1956-04-18
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2019-09-11
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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.
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“Black, Eugene R.. 1956. Address before the Twenty-First Session of the Economic and Social Council of United Nations, New York City. © World Bank. http://hdl.handle.net/10986/32369 License: CC BY 3.0 IGO.”
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Publication Address before the Economic and Social Council of the United Nations(World Bank, Washington, DC, 1951-03-06)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.Publication Address to the U.N. Economic and Social Council, United Nations, NY, December 5, 1968(1968-12-05)These are the prepared remarks of Robert S. McNamara, President of the World Bank, International Finance Corporation, and the International Development Association (IDA). He declares that our common enterprise is to drive back poverty, to lift living standards and to enhance the dignity of man. The Bank intends to lend twice as much in the next five years as in the previous five. He discusses the Bank’s lending in Asia. He discusses new geographical accents. The Bank and IDA are now ready to finance state-owned development banks; and training of managers and agriculturalists. He discusses putting population policy at the center of future strategy.Publication Address to the Economic and Social Council of the United Nations, December 20, 1966(World Bank, Washington, DC, 1966-12-20)George D. Woods, President of the World Bank Group, spoke about the Bank and IDA helping to put down the foundations of economic growth in the form of transportation and electric power projects, and going deeper into the development of human resources. He discussed the progress made by World Bank Group in the field of agriculture and education. He mentioned the drafting of a scheme for multilateral investment insurance. He highlighted aid coordination to accelerate development in developing countries. He concluded that the industrialized countries should make a joint and thorough examination of what they are trying to achieve in their relationships with the developing world.Publication Statement before the Economic and Social Council(World Bank, Washington, DC, 1950-02-16)Eugene R. Black, President of the International Bank for Reconstruction and Development, reviewed the scope of the Bank’s lending. While the first loans were for reconstruction, the principal business has been development loans for such things as electric power, agricultural machinery, timber production, woodworking industry, railways, and shipping. He spoke of the technical examinations of particular projects and the high lending standards imposed. He mentioned the technical aid which Bank has provided and expects this to widen. The Bank’s essential objective is to raise production levels and living standards through long-term project financing, technical advice, and stimulation to private investment.Publication Address before the Annual Convention of the Savings Banks Association of the State of New York(World Bank, Washington, DC, 1949-10-23)Eugene R. Black, President of the International Bank for Reconstruction and Development, spoke about how the Bank conducts business by describing one loan application for India and the events leading to a signed contract and then follow-up monitoring. The whole economic and financial position of India was analyzed as accurately as possible before the departure of a mission to investigate conditions on the spot. The partition of India and Pakistan affected the Indian economy. Pakistan’s import tariff on raw jute from India weakened the position of India. He described various economic challenges being faced. The loans to India are not without risk, but they are a risk worthwhile taking.
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