Annual Address to the Board of Governors, September 19, 1961
Eugene R. Black, President of the World Bank, bid farewell to Robert Garner, who presided over the birth of the International Finance Corporation and nursed it through its inevitable growing pains. He then focused on some old and some new problems, and, in particular, the newest member of the World Bank family, the International Development Association. IDA credits will have grace periods, long maturities, and low or no interest or commitment charges. Many IDA recipients have heavy foreign debt service burdens. He concluded by saying that the share of capital should increase that goes to the underdeveloped countries on terms properly geared to their requirements.
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| Format: | Speech biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC
1961-09-19
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| Subjects: | TECHNICAL ASSISTANCE, INTERNATIONAL DEVELOPMENT ASSOCIATION, INTERNATIONAL FINANCE CORPORATION, BOND ISSUE, INDUS RIVER BASIN, DEBT SERVICE BURDEN, GRACE PERIOD, LONG MATURITY, DEBT EXPORT RATIO, AID QUALITY, OFFICIAL DEVELOPMENT ASSISTANCE, HARD DEBT, SOFT LOANS, |
| Online Access: | http://documents.worldbank.org/curated/en/747151524662792174/Annual-address-by-Eugene-R-Black-President-of-the-Bank https://hdl.handle.net/10986/31781 |
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