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     FOR IMM ED.l~TE
              . .    RELEASE
                                                                             WORLD




•   INTERNATIONAL B.AN
    RECONSTRUCTION AND DEVELOPMENT
    1818 H STREET,
                                         FOR


                     N.W., WASHINGTON 25, D. C.   TELEPHONE: EXECUTIVE   3-6360




          PRESS RELEASE No. 6o7                   SUBJECT:    Economic Development Institute
          October 13, 1959

               The Economic Development Institute of the World Bank began its fifth

          six-month course today in Washington,     n.c.     The Institute was organized by

          the Bank in 1955 as a staff college for senior officials of member countries

          and territories who deal with problems of economic development.

               Tw'enty-one officials from 19 countries and one staff member of the World

          Bank will take part in this year's course.         All hold senior positions in

          ministeries, central banks, planning authorities and other agencies connec-


•         ted with economic development.      They have been given leave of absence to

          attend the course by the agency concerned, which in each case contributes

          $1,500 toward the cost of the Institute.         The remainder of the cost is borne
          by the Bank.

               The work. of the Institute' is based on a closely interwoven series of

          seminars in which all participants join.         The curriculum is designed to pro-

          vide a comprehensive approach to the problems of economic development and to

          treat them from the point of view of officials with operating responsibilities

          in their respective administrations.       In general the seminars will deal with

          the preparation of a development program, the historical aspects of develop-

          ment, the structural relationships of the economy, public finance, money and

          banking, agricultural development, interr-ational trade and payments, studies



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          of particular industries, and program and project appraisal.
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                     The Director of the Institute is Michael L. Hoffman.   He is assisted.

          by   Albert Waterston and Benjamin King, secorided from the staff of the Bank

          and. by Ashok Mitra, an Indian economist.        The staff is supplemented by

          guest speakers from governments, the United Nations, universities and other

           institutions, vmo hold special qualifications in their various fields.           An

           important part of the course of study at the Institute consists of organized

          visits to governmental agencies and to industrial, commercial, agricultural

          and. financial institutions in the United States and other member countries.

                     The participants in the fifth course are:

          BELGIAN CONGO                 Rene Puttemans, sous-Directeur and Att.ache de
                                        Cabinet (Economic a.nd. Financial Adviser) to the
                                        Minister of the Belgian Congo and Ruanda Urundi.

          BRAZIL                        Waldemar de Gusmao, Technical Assistant to the


     •    BURMA
                                        Director, Superintendency of Money and Credit .

                                        U Chit-Maung, Deputy Director of the Budget Division
                                        and ex-officio Deputy Secretary, Ministry of Finance
                                        and Revenue, Government of the Union of Burma.

          ECUADOR                       Mario Germanico Salgado, Director of' the Tecli..nical
                                        Department, National Board for Planning and Economic
                                        Coordination ..

                                        'Olivier Albert Charles Richet, Fonde de Pouvoir,
                                         Caisse Centrale de Cooperation Economique.
          }"".RENCH WEST AFRICA         J.G. Anoma, Chef de Cabinet, Department of Plan,
                                        Ivory Coast.
          INDIA
          ::--··--                      Triloki Nath Chaturvedi, Secretary to the Chief
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                                        Minfater, Government of Rajasthan.
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          INDONESIA                     Sutjipto Probosawitro, Deputy Director of Bank
                                        Industri Negara (Industrial State Bank).
          INDONESIA                     Harjono Sumosudirdjo, Chief of the Budget Section
                                        for Local Governments, Bureau of the Budget, Ministry
                                        of Finance .


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•    IRAN


     KENYA
                            Cyrus B. Samii, Director of Finance Division and
                            Chief of the Budget Bureau, Plan Organization.

                            N.S. Carey Jones, Deputy Secretary, Ministry of
                            .Agriculture, .Animal Husbandry and. Water Resources.

     KOREA                  Chong Dai Kim, Councillor of the Economic Develop-
                            ment Council.

     MALAYA                 Paul Christian Ratchaga, Assistant Secretary,
                            Economic Secretariat, Prime Minister's Department.
     PAKISTAN      I        Mohammed Ismail, Joint Secret~y, Ministry of
                            Industries, Government of Pakistan.

     '.P.AKISTAN            D.K. Power, Finance Secretary to the Government of
                            East Pakistan.

     SPAIN                  Juan Francisco Marti Basterrechea, Inspector of
                            Services, Ministry of Fina.nee.

     TURKEY                 cavid. Kinay, Deputy General Director and Chief
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                            Councellor of the General Directorate of Internal
                            Revenues, Ministry of Finance.
     UNITED ARAB REPUBLIC   Albert Selim El Mankabadi, Secretary to the Board
                            of Directors, National Bank. of Egypt.
     NIGERIA                A.E. Howson-Wright, Deputy Economic Secretary,
                            Nigeria House, London.
     YUGOSLAVIA             Sergije Djurovic, General Manager, Central Office
                            of the People's Republic of Serbia, National Bank
                            of the Federal People's Republic of Yugoslavia.

                                    Associate
     UNITED KINGDOM         A.G. Perrin, Assista~t Principal, Bank of England.
                               World Bank Participant
     WORLD BANK             .Arie Kruithof (Netherlands), of the Bank's Depart-
                            ment of Operations for South Asia and the Mi ~dle
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                            East •




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