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Annual address by Eugene R. Black, President of the Bank (English)

These remarks were delivered by Eugene R. Black, President of the World Bank Group during the annual meeting in September 1959. He spoke about the disbursement of loans for reconstruction and development of its member countries. He discussed the forty nine successful issues of securities. He also spoke about how the Bank had established contacts with industrial development banks, public and private, in a large number of member countries, and through these hundreds of small enterprises were contributing new jobs and new production for a better material life in the underdeveloped world. He concluded by saying if the energy and resources were used rightly, it would reduce the burden of poverty in the world.


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    Black,Eugene R.

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    President's Speech

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    The World Region,

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    Annual address by Eugene R. Black, President of the Bank

  • Keywords

    Industrialized countries; industrialized country; public financial institution; vote of confidence; private capital market; sale of bond; burden of poverty; technical assistance service; International Trade; world trade; principal repayment; creditor country; international investment; public attitude; total reserve; insurance companies; primary concern; increase productivity; commercial bank; congressional authority; bond issue; investment need; regular operations; common problems; monetary control; international cooperation; domestic politics; international community; junior officials; preparatory work; power equipment; foreign good; capital increase; raw material; cultural products; trade restriction; foreign exchange; private investor; trade pattern; private investment; deutsche mark; international service; important policy; international capital; international investor; private fund; international indebtedness; local production; international finance; financial instrument; Nuclear Power; productive cost; economic conflict; financial obligation; dollar debt; Economic Policy; dollar bond; atomic power; debt outstanding; authorized capital; Natural Resources; investment fund; national boundary; foreign trade; elastic supply; general agreement; ample evidence; net earning; capital subscription; development lending



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Black,Eugene R.

Annual address by Eugene R. Black, President of the Bank (English). Presidential speech Washington, D.C. : World Bank Group.