Speech

Address Presenting the Eighth Annual Report

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collection.link.325
https://openknowledge.worldbank.org/handle/10986/31683
collection.name.325
K. Speeches by Eugene R. Black (1949-62)
dc.contributor.author
Black, Eugene R.
dc.date.accessioned
2019-05-21T19:39:19Z
dc.date.available
2019-05-21T19:39:19Z
dc.date.issued
1953-09-09
dc.date.lastModified
2021-04-23T14:04:54Z
dc.description.abstract
Eugene R. Black, President of the International Bank for Reconstruction and Development, reviewed Bank lending and pleaded for member countries to release their local currency subscriptions to the use of the Bank. He mentioned his practice to visit for some time each year some part of the world, getting to know at first hand the economic and development problems of member countries. He discussed an indispensable element in the financing of long-term development which is the increased flow into the underdeveloped world of private investment capital from abroad. He described how the bulk of Bank's investment operations had been in the field of public utilities, especially of electric power, and Bank is constantly encountering the importance of power, even where Bank are financing projects outside the immediate power field. He concluded by saying that private capital would make a large contribution to Bank's investment, which would benefit recipient countries by helping to speed their development and to raise their productivity and their living standards.
en
dc.identifier
http://documents.worldbank.org/curated/en/316681524573829923/Address-by-Eugene-R-Black-President-of-the-Bank-in-presenting-the-eighth-annual-report-of-the-Bank-to-the-Board-of-Governors-September-9-1953
dc.identifier.uri
http://hdl.handle.net/10986/31740
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Meeting of the Board of Governors, September 9, 1953;
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
WORLD BANK LENDING
dc.subject
LOCAL CURRENCY
dc.subject
PRIVATE INVESTMENT
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
ELECTRIC POWER
dc.subject
ENERGY DEMAND
dc.subject
HYDROPOWER
dc.subject
ENERGY PRICING
dc.subject
TRADE LIBERALIZATION
dc.subject
TARIFFS
dc.subject
INTERNATIONAL INVESTMENT
dc.title
Address Presenting the Eighth Annual Report
en
dc.type
Speech
en
okr.date.disclosure
2018-04-24
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: President's Speech
okr.docurl
http://documents.worldbank.org/curated/en/316681524573829923/Address-by-Eugene-R-Black-President-of-the-Bank-in-presenting-the-eighth-annual-report-of-the-Bank-to-the-Board-of-Governors-September-9-1953
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b0859343fd_1_0
okr.identifier.internaldocumentum
29831671
okr.identifier.report
125457
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/316681524573829923/pdf/125457-WP-Black-9-9-1953-Annual-Meetings-PUBLIC.pdf
en
okr.topic
Energy :: Electric Power
okr.topic
Energy :: Energy Demand
okr.topic
Energy :: Energy Markets
okr.topic
Finance and Financial Sector Development :: Capital Markets and Capital Flows
okr.topic
Finance and Financial Sector Development :: Finance and Development
okr.topic
Governance :: International Governmental Organizations
okr.topic
International Economics and Trade :: Trade Liberalization
okr.topic
Macroeconomics and Economic Growth :: Investment and Investment Climate
okr.unit
Office of the President (EXC)

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