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Remarks by A. W. Clausen, President, the World Bank and International Finance Corporation Before the Trilateral Commission Conference on Disarray in the International Economy : Current Challenges and Constructive Next Steps (English)

These remarks were delivered by A. W. Clausen, President of the World Bank Group and International Finance Corporation in Washington, DC at the Trilateral Commission Conference on Disarray in the International Economy: Current Challenges and Constructive Next Step on May 17, 1983. He discusses the agreement on what developing countries urgently need from the trilateral countries to avoid a plight worse than what already exists. First, the developing countries need sustained economic growth in the trilateral countries - noninflationary economic growth. Second, the developing countries need for the trilateral countries to preserve and maintain a liberal, multilateral trading system. Third, the developing countries, especially the middle-income developing countries, need continued expansion in commercial-bank lending. Fourth, the developing countries need an expansion of official lending and of development assistance. International Development Association (IDA) is the largest and most effective program of concessional investment in the world's poorest countries. The Trilateral Commission task force report shows that one understands the gravity of the present crisis in most of the world's poorest countries very sincerely, and he look for strong support for IDA as well.

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Clausen,A. W.

Remarks by A. W. Clausen, President, the World Bank and International Finance Corporation Before the Trilateral Commission Conference on Disarray in the International Economy : Current Challenges and Constructive Next Steps (English). Presidential speech Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/973831540962282843/Remarks-by-A-W-Clausen-President-the-World-Bank-and-International-Finance-Corporation-Before-the-Trilateral-Commission-Conference-on-Disarray-in-the-International-Economy-Current-Challenges-and-Constructive-Next-Steps