Address to the Board of Governors Meeting in Seoul, Korea
In his speech, President A. W. Clausen reviews the economic and debt crisis of the last five years and shares his expectations for the next five years. The World Bank will play a vital role in a successful transition from recession to sustained economic growth. The Bank’s operational strategy rests...
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| Format: | Speech |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/1985/10/15560723/address-board-governors-w-clausen http://hdl.handle.net/10986/25799 |
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okr-10986-25799 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
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 |
| spellingShingle |
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 Clausen, A. W. Address to the Board of Governors Meeting in Seoul, Korea |
| description |
In his speech, President A. W. Clausen reviews the economic and debt crisis of the last five years and shares his expectations for the next five years. The World Bank will play a vital role in a successful transition from recession to sustained economic growth. The Bank’s operational strategy rests on twin pillars: assisting borrowers in formulating adjustment programs, and helping mobilize external resources to sustain these programs. Heavily indebted middle-income countries need help to grow out of their debts. Poor countries in Sub-Saharan Africa need help analyzing and overcoming the constraints on their economic and social growth. Clausen submitted a resolution to establish the Multilateral Investment Guarantee Agency (MIGA). As an international community, we must undertake to reverse the depletion of our forests and the associated degradation of the land. Sustainable growth requires true development of human capital, the alleviation of poverty, and the maintenance of the environment. Improving the quality of life of all who dwell in the developing nations has more dimensions than ever before. |
| format |
Speech |
| author |
Clausen, A. W. |
| author_facet |
Clausen, A. W. |
| author_sort |
Clausen, A. W. |
| title |
Address to the Board of Governors Meeting in Seoul, Korea |
| title_short |
Address to the Board of Governors Meeting in Seoul, Korea |
| title_full |
Address to the Board of Governors Meeting in Seoul, Korea |
| title_fullStr |
Address to the Board of Governors Meeting in Seoul, Korea |
| title_full_unstemmed |
Address to the Board of Governors Meeting in Seoul, Korea |
| title_sort |
address to the board of governors meeting in seoul, korea |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/1985/10/15560723/address-board-governors-w-clausen http://hdl.handle.net/10986/25799 |
| _version_ |
1764456201349758976 |
| spelling |
okr-10986-257992021-04-23T14:04:20Z Address to the Board of Governors Meeting in Seoul, Korea Clausen, A. W. 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 In his speech, President A. W. Clausen reviews the economic and debt crisis of the last five years and shares his expectations for the next five years. The World Bank will play a vital role in a successful transition from recession to sustained economic growth. The Bank’s operational strategy rests on twin pillars: assisting borrowers in formulating adjustment programs, and helping mobilize external resources to sustain these programs. Heavily indebted middle-income countries need help to grow out of their debts. Poor countries in Sub-Saharan Africa need help analyzing and overcoming the constraints on their economic and social growth. Clausen submitted a resolution to establish the Multilateral Investment Guarantee Agency (MIGA). As an international community, we must undertake to reverse the depletion of our forests and the associated degradation of the land. Sustainable growth requires true development of human capital, the alleviation of poverty, and the maintenance of the environment. Improving the quality of life of all who dwell in the developing nations has more dimensions than ever before. 2017-01-04T18:24:40Z 2017-01-04T18:24:40Z 1985-10-08 Speech http://documents.worldbank.org/curated/en/1985/10/15560723/address-board-governors-w-clausen http://hdl.handle.net/10986/25799 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Speech |