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Address to the Board of Governors by Robert S. McNamara (English)

This speech by Robert S. McNamara, President of the World Bank, addresses the Board of Governors, in Washington, DC on September 26, 1977. He reviews the past record of development and policies for accelerating economic growth, and redirecting growth. He says what is needed is a comprehensive and continuing analysis of development problems: a practical and sustained effort to integrate the diverse components of development experience into a more understandable pattern; an effort to explore and evaluate the critical linkages among such components; an analysis that would clearly state the costs and benefits to both developed and developing countries of alternative ways of dealing with the central issues. He discusses the elements of an effective strategy to accelerate economic growth in both the poorest and the middle-income developing countries. He suggests how the benefits of that growth can be better channeled to meet the basic human needs of the absolute poor. He reviews the near term projected financial operations of the Bank required to support accelerated growth and the attack on absolute poverty. He concludes by outlining the initial steps that can be taken to organize the proposed World Development Report.


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    McNamara,Robert S.

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    President's Speech

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    The World Region,

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    Address to the Board of Governors by Robert S. McNamara

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McNamara,Robert S.

Address to the Board of Governors by Robert S. McNamara (English). Presidential speech Washington, D.C. : World Bank Group.