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Mr. Robert S. McNamara, President of the World Bank, spoke of “absolute poverty” during his address to the Annual Meetings of the Bank and the Fund in Nairobi in 1973, as “a condition of life so degraded by disease, illiteracy, malnutrition, and squalor as to deny its victims basic human necessities.” Absolute poverty, he said, was the lot of 40 per cent of the peoples of the developing countries. There was a marked shift in emphasis in the Bank’s development policies following Mr. McNamara’s speech at Nairobi. This series of articles explains how the Bank is meeting the challenge of poverty in its member countries.
Finance & Development, September 1976
- Fund activity: Jacques de Larosière is the new Managing Director; Fund in the Witteveen years; previous MDs; Fund transactions during first half of 1978; Annual Meetings of the Fund and the Bank, Washington, D.C., September 25–28; selected data on Fund holdings and commitments; gold auctions; The 1978 Per Jacobsson Lecture; value of SDR set
- Bank activity: Increased lending for development of energy resources; results of Singapore traffic project; Bank loans and IDA credits
- A conversation with Mr. Witteveen: The former Managing Director of the Fund talks about his tenure
- The World Bank and the world’s poorest: II: The second article in a continuing series that explains how the Bank is responding to the challenge of finding ways to reduce poverty in member countries
- The Bank and urban poverty: The Bank’s strategy against urban poverty and how it has fared so far
- The resurgence of protectionism: An examination by Fund staff of the protectionist trade measures taken in recent years by the major industrial countries
- Import controls and exports in developing countries: A critical assessment that suggests excessive use of controls by developing countries hinders their economic growth
- Some first effects of the Second Amendment: The most important immediate changes in the Fund’s Articles of Agreement, their significance and background explained
- The World Development Report—main themes: A summary of the Bank’s recently released analysis of the development process during 1950–75 and prospects until 1985
- Improving rural water supply in Malawi: The experience of Malawi with low-cost, community organized water supply programs in the countryside may be a useful guide for other LDCs
- The operation of the Trust Fund: A report on its first two years explains the Trust Fund’s mechanics and provides information on its transactions
- Book notices
Article
The World Bank and the world’s poorest: II: The second article in a continuing series that explains how the Bank is responding to the challenge of finding ways to reduce poverty in member countries
- International Monetary Fund. External Relations Dept.
- Published Date:
- September 1978
