Publication:
Address Presenting the Second Annual Report of the International Bank

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dc.contributor.authorMcCloy, John J.
dc.date.accessioned2019-05-13T21:21:37Z
dc.date.available2019-05-13T21:21:37Z
dc.date.issued1947-09-12
dc.description.abstractJohn. 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/676431468154768162/Second-Annual-meeting-of-the-Board-of-Governors-address-by-John-J-McCloy-President-of-the-IBRD
dc.identifier.doi10.1596/31691
dc.identifier.urihttps://hdl.handle.net/10986/31691
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesMeeting of the Board of Governors, Washington, DC, September 12, 1947;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectWORLD BANK OPERATIONS
dc.subjectWORLD BANK PORTFOLIO
dc.subjectBOND ISSUE
dc.subjectFINANCIAL REFORM
dc.subjectCAPITAL MARKETS
dc.subjectMARSHALL PLAN
dc.subjectDEVELOPMENT POTENTIAL
dc.subjectRECONSTRUCTION
dc.titleAddress Presenting the Second Annual Report of the International Banken
dc.typeSpeechen
dc.typeDiscoursfr
dc.typeDiscursoes
dspace.entity.typePublication
okr.crossref.titleAddress Presenting the Second Annual Report of the International Bank
okr.date.disclosure2011-11-23
okr.date.doiregistration2025-05-08T13:41:02.274046Z
okr.doctypePublications & Research
okr.doctypePublications & Research::President's Speech
okr.docurlhttp://documents.worldbank.org/curated/en/676431468154768162/Second-Annual-meeting-of-the-Board-of-Governors-address-by-John-J-McCloy-President-of-the-IBRD
okr.guid676431468154768162
okr.identifier.externaldocumentum000356161_20111124024309
okr.identifier.internaldocumentum15499823
okr.identifier.report55749
okr.identifier.report125834
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/676431468154768162/pdf/557490WP0Box360J-0McCloy00President.pdfen
okr.topicConflict and Development::Post Conflict Reconstruction
okr.topicFinance and Financial Sector Development::Capital Markets and Capital Flows
okr.topicGovernance::Governance and the Financial Sector
okr.topicGovernance::International Governmental Organizations
okr.topicMacroeconomics and Economic Growth::Economic Development
okr.unitPublishing and Knowledge (ECRPK)
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L. Speeches by John J. McCloy (1947-49)