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Disruptive finance : using psychometrics to overcome collateral constraints in Ethiopia (English)

These remarks were delivered by Eugene R. Black, President of the World Bank, on September 23, 1957 at the Annual Meeting in Washington, DC. He spoke about the happenings in the Middle East which threatened to bring major economic dislocation and, at times, the world outlook had been bleak. He mentioned the large amount lent by the Bank and important additions to its capital resources during the fiscal year 1957. Also discussed were two loans for air transport that helped Australia and India acquire the latest types of aircraft for their air lines. He concluded by saying that the Bank should make, over the years ahead, a continued and significant contribution to the capital requirements of that basic development on which higher living standards depend.


  • Author

    Black,Eugene R.

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    President's Speech

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    The World Region,

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  • Doc Name

    Disruptive finance : using psychometrics to overcome collateral constraints in Ethiopia

  • Keywords

    living standard; shortage of capital; Industrialized countries; industrialized country; productive investment; world war ii; rate of growth; price of utility; private foreign investment; public utility finance; domestic bond market; public utility service; cost of production; trade and investment; lack of knowledge; foreign exchange; Electric Power; investment demand; bond issue; scarce resource; home market; private enterprise; conflicting claim; conventional fuel; Borrowing Countries; money market; capital requirement; national independence; foreign investor; commercial interests; rising consumption; free society; farm improvement; national budget; export earning; domestic investment; private capital; commercial relationship; net earning; borrowed fund; ready access; primary concern; export earnings; consumer good; development target; foreign capital; private industry; loan application; bank lending; large loans; air transport; financial standing; commercial feasibility; fiscal policy; real income; International Trade; private investment; Fiscal policies; economic expansion; agricultural land; capital resource; transport service; administrative capital; political instability; steel mill; independent nation; food supply; management skill; loan capital; national defense; external capital; farm land; private investor; foreign trade; business fluctuation; government investment; political consideration; individual freedom



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Black,Eugene R.

Disruptive finance : using psychometrics to overcome collateral constraints in Ethiopia (English). Presidential speech Washington, D.C. : World Bank Group.