International Investment of Capital

International Investment of Capital

John. J. McCloy, President of the International Bank for Reconstruction and Development, spoke about directing international investment of capital toward productive purposes. He spoke on the role of the Bank as one of the principal international financing agencies in the world. The Bank serves as a...

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Bibliographic Details
Main Author: McCloy, John. J.
Format: Speech
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
PRIVATE INVESTMENT
CAPITAL MARKETS
LENDING OVERSIGHT
LENDING PRINCIPALS
Online Access:http://documents.worldbank.org/curated/en/236621525183598034/Address-by-Honourable-John-J-McCloy-President-of-the-International-Bank-for-Reconstruction-and-Development-at-the-seventh-annual-forum-of-social-and-economic-trends-New-York-charter-New-York-City-April-18-1947
http://hdl.handle.net/10986/31690
id okr-10986-31690
recordtype oai_dc
spelling okr-10986-316902021-09-13T14:25:35Z International Investment of Capital McCloy, John. J. PRIVATE INVESTMENT CAPITAL MARKETS LENDING OVERSIGHT LENDING PRINCIPALS John. J. McCloy, President of the International Bank for Reconstruction and Development, spoke about directing international investment of capital toward productive purposes. He spoke on the role of the Bank as one of the principal international financing agencies in the world. The Bank serves as a channel of private investment funds at reasonable cost for the restoration and development of capital-importing countries. The Bank forms a safe bridge for the movement of capital. The Bank must sell securities in the private market, primarily in the United States, to raise much of the money it lends. The Bank is also in a position to supervise the spending of the loan proceeds to prevent excess borrowing. He concluded by saying that Bank can't and won't grant loans in order to accomplish political objectives or where political uncertainties make lending unsound. 2019-05-13T20:56:00Z 2019-05-13T20:56:00Z 1947-04-18 Speech http://documents.worldbank.org/curated/en/236621525183598034/Address-by-Honourable-John-J-McCloy-President-of-the-International-Bank-for-Reconstruction-and-Development-at-the-seventh-annual-forum-of-social-and-economic-trends-New-York-charter-New-York-City-April-18-1947 http://hdl.handle.net/10986/31690 English Address at Seventh Annual Forum of Social and Economic Trends, New York Chapter, American Society of Charter Life Underwriters, New York City, April 18, 1947; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: President's Speech
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic PRIVATE INVESTMENT
CAPITAL MARKETS
LENDING OVERSIGHT
LENDING PRINCIPALS
spellingShingle PRIVATE INVESTMENT
CAPITAL MARKETS
LENDING OVERSIGHT
LENDING PRINCIPALS
McCloy, John. J.
International Investment of Capital
relation Address at Seventh Annual Forum of Social and Economic Trends, New York Chapter, American Society of Charter Life Underwriters, New York City, April 18, 1947;
description John. J. McCloy, President of the International Bank for Reconstruction and Development, spoke about directing international investment of capital toward productive purposes. He spoke on the role of the Bank as one of the principal international financing agencies in the world. The Bank serves as a channel of private investment funds at reasonable cost for the restoration and development of capital-importing countries. The Bank forms a safe bridge for the movement of capital. The Bank must sell securities in the private market, primarily in the United States, to raise much of the money it lends. The Bank is also in a position to supervise the spending of the loan proceeds to prevent excess borrowing. He concluded by saying that Bank can't and won't grant loans in order to accomplish political objectives or where political uncertainties make lending unsound.
format Speech
author McCloy, John. J.
author_facet McCloy, John. J.
author_sort McCloy, John. J.
title International Investment of Capital
title_short International Investment of Capital
title_full International Investment of Capital
title_fullStr International Investment of Capital
title_full_unstemmed International Investment of Capital
title_sort international investment of capital
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/236621525183598034/Address-by-Honourable-John-J-McCloy-President-of-the-International-Bank-for-Reconstruction-and-Development-at-the-seventh-annual-forum-of-social-and-economic-trends-New-York-charter-New-York-City-April-18-1947
http://hdl.handle.net/10986/31690
_version_ 1764470259518013440

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