Address to the Board of Governors

In his final address to the Board of Directors, President Robert S. McNamara discusses the future role of the Bank during a time in which surging oil prices threaten critical development tasks. He examines four themes: the prospects for economic growth and social advance in oil-importing developing...

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Bibliographic Details
Main Author:	McNamara, Robert S.
Format:	Speech
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	ABSENTEEISM ABSOLUTE AMOUNTS ACCESS TO EDUCATION ADULT LITERACY AFFILIATE AGRICULTURAL PRODUCTION ASSET RATIOS BALANCE OF PAYMENTS BANK LENDING BASIC EDUCATION BASIC NEEDS BORROWING BORROWINGS BUDGETARY CONSTRAINT BUDGETARY CONSTRAINTS CAPITAL BASE CAPITAL FLOWS CAPITAL FORMATION CAPITAL MARKETS CAPITAL REQUIREMENTS CHILD MORTALITY CHILD MORTALITY RATES CITIZENS COMBAT POVERTY COMMERCIAL BANKERS COMMERCIAL BANKS CONSUMERS CONTRIBUTION CONTRIBUTIONS CREDITS CREDITWORTHINESS CURRENT ACCOUNT CURRENT ACCOUNT DEFICITS CURRENT ACCOUNT SURPLUS CURRENT PLANS CURRENT PROGRAM DEBT DEBT RELIEF DEBT SERVICE DEBTS DEFICITS DEPOSIT DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT EFFORTS DEVELOPMENT FINANCE DEVELOPMENT PLANNING DEVELOPMENT POLICIES DISBURSEMENTS DISEASES DOMESTIC CONSUMPTION DROPOUT ECONOMIC CONDITIONS ECONOMIC CONTRIBUTION ECONOMIC GROWTH ECONOMIC PROGRESS ECONOMIC SYSTEMS EDUCATION OF WOMEN EDUCATIONAL LEVEL EDUCATIONAL OPPORTUNITY EMPLOYMENT EMPLOYMENT OPPORTUNITIES ENROLLMENTS EQUITABLE ACCESS EQUITY CAPITAL EQUITY FUNDS EXCHANGE RATES EXPENDITURE EXPLOITATION EXPORTERS EXTERNAL BORROWING EXTERNAL CAPITAL EXTERNAL FINANCE EXTERNAL FUNDS FAMILIES FARMERS FEMALE EDUCATION FERTILITY FINANCIAL ASSISTANCE FINANCIAL CIRCUMSTANCES FINANCIAL COMMITMENTS FINANCIAL CONCERN FINANCIAL DIFFICULTIES FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL STRUCTURE FINANCIAL SUPPORT FINANCIAL SYSTEM FINANCING NEEDS FOOD PRODUCTION GROSS NATIONAL PRODUCT HEALTH CARE HEALTH EXPENDITURES HEALTH FACILITIES HEALTH SECTOR HUMAN BEINGS HUMAN DEVELOPMENT HUMAN DIGNITY HUMAN POTENTIAL HUMAN RESOURCE HUMAN RESOURCE DEVELOPMENT ILLITERACY ILLNESS INCOME GROUP INCOMES INDUSTRIALIZATION INFANT INFANT MORTALITY INFANT MORTALITY RATE INFLATION INTEREST RATES INTERNATIONAL ASSISTANCE INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL CONSENSUS INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL POLICIES INVESTMENT BANKERS INVESTMENT OPPORTUNITIES INVESTMENT PROGRAMS JOB CREATION LABOR FORCES LACK OF CAPITAL LEGISLATION LEGISLATIVE ACTIONS LENDING POLICIES LEVELS OF POPULATION GROWTH LIABILITY LIFE EXPECTANCY LIMITED ACCESS LITERACY PROGRAMS LOAN LOAN FUNDS LOAN PORTFOLIO LOW-INCOME LOW-INCOME COUNTRIES LOWER FERTILITY MEASLES MIGRATION MODERNIZATION MONETARY FUND MORAL RESPONSIBILITY NEW JOBS NOMINAL PRICES NUMBER OF PEOPLE NUTRITION OFFICIAL DEVELOPMENT ASSISTANCE OIL PRICES OPPORTUNITY FOR WOMEN OUTSTANDING DEBT OUTSTANDING LOANS PAYMENTS IMBALANCES PENALTIES PERSONAL INCOME PLAN OF ACTION POOR NATIONS PRIMARY EDUCATION PRIMARY HEALTH CARE PRIMARY SCHOOL PRIVATE BANKING PRIVATE BANKS PRIVATE FINANCIAL MARKETS PRIVATE FUNDS PROBABILITY PRODUCTIVITY PROFITABLE INVESTMENT PROFITABLE INVESTMENTS PROGRESS PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC SERVICES RAPID POPULATION GROWTH RATE OF GROWTH RATE OF INFLATION RATES OF GROWTH REAL COST REAL INTEREST REAL INTEREST RATES RECESSION REGULATORY AGENCIES REINVESTMENT REMITTANCES REPAYMENT RESERVES RESOURCE FLOWS RESPECT RETAINED EARNINGS RETURN RETURNS RURAL AREAS RURAL DEVELOPMENT SALARIES SANITATION SAVINGS SAVINGS PATTERNS SAVINGS RATE SCARCE RESOURCES SCHOOL-AGE CHILDREN SHORT-TERM FINANCE SMALL FARMERS SOCIAL DEVELOPMENT SOCIAL PROGRAMS SOCIAL PROGRESS SOCIAL SECTOR SOURCES OF FUNDS STRUCTURAL ADJUSTMENT TECHNICAL ASSISTANCE TOTAL COST UNEMPLOYMENT UNION UNIVERSAL PRIMARY EDUCATION URBAN AREAS VILLAGE VOCATIONAL TRAINING VOLUNTARY CONTRIBUTIONS WAGES WAR WORLD COMMUNITY WORLD TRADE WORTH
Online Access:	http://documents.worldbank.org/curated/en/1980/09/9089951/address-board-governors-robert-s-mcnamara http://hdl.handle.net/10986/25797

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Summary:	In his final address to the Board of Directors, President Robert S. McNamara discusses the future role of the Bank during a time in which surging oil prices threaten critical development tasks. He examines four themes: the prospects for economic growth and social advance in oil-importing developing countries; a program of structural adjustment that developing countries, industrialized nations, and OPEC countries can take to maximize growth; the need to accelerate the attack on absolute poverty; and the role the World Bank ought to play in the decade ahead.

Address to the Board of Governors

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