Address Presenting the Eighth Annual Report

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, get...

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Main Author:	Black, Eugene R.
Format:	Speech
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	WORLD BANK LENDING LOCAL CURRENCY PRIVATE INVESTMENT FOREIGN DIRECT INVESTMENT ELECTRIC POWER ENERGY DEMAND HYDROPOWER ENERGY PRICING TRADE LIBERALIZATION TARIFFS INTERNATIONAL INVESTMENT
Online Access:	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 http://hdl.handle.net/10986/31740

id	okr-10986-31740
recordtype	oai_dc
spelling	okr-10986-317402021-04-23T14:04:54Z Address Presenting the Eighth Annual Report Black, Eugene R. WORLD BANK LENDING LOCAL CURRENCY PRIVATE INVESTMENT FOREIGN DIRECT INVESTMENT ELECTRIC POWER ENERGY DEMAND HYDROPOWER ENERGY PRICING TRADE LIBERALIZATION TARIFFS INTERNATIONAL INVESTMENT 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. 2019-05-21T19:39:19Z 2019-05-21T19:39:19Z 1953-09-09 Speech 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 http://hdl.handle.net/10986/31740 English Meeting of the Board of Governors, September 9, 1953; 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	WORLD BANK LENDING LOCAL CURRENCY PRIVATE INVESTMENT FOREIGN DIRECT INVESTMENT ELECTRIC POWER ENERGY DEMAND HYDROPOWER ENERGY PRICING TRADE LIBERALIZATION TARIFFS INTERNATIONAL INVESTMENT
spellingShingle	WORLD BANK LENDING LOCAL CURRENCY PRIVATE INVESTMENT FOREIGN DIRECT INVESTMENT ELECTRIC POWER ENERGY DEMAND HYDROPOWER ENERGY PRICING TRADE LIBERALIZATION TARIFFS INTERNATIONAL INVESTMENT Black, Eugene R. Address Presenting the Eighth Annual Report
relation	Meeting of the Board of Governors, September 9, 1953;
description	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.
format	Speech
author	Black, Eugene R.
author_facet	Black, Eugene R.
author_sort	Black, Eugene R.
title	Address Presenting the Eighth Annual Report
title_short	Address Presenting the Eighth Annual Report
title_full	Address Presenting the Eighth Annual Report
title_fullStr	Address Presenting the Eighth Annual Report
title_full_unstemmed	Address Presenting the Eighth Annual Report
title_sort	address presenting the eighth annual report
publisher	World Bank, Washington, DC
publishDate	2019
url	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 http://hdl.handle.net/10986/31740
_version_	1764470302035673088

Address Presenting the Eighth Annual Report

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