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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. Following Mr. McNamara’s speech in Nairobi there was a marked shift in emphasis in the Bank’s approach to development. This series of articles explains how the Bank is meeting the challenge of poverty in its member countries.
Finance & Development, June 1979
- Fund activity: Moves toward orderly world economic growth; new guidelines issued on Fund conditionality; Interim Committee requests Executive Board to study the proposal for a substitution account; Fund transactions; supplementary financing facility now in effect
- Bank activity: Irrigation project in Bangladesh produces higher yields; Bank using remote sensing data from satellites in development work; water supply and sewerage in Northeast Brazil; Sudan gets assistance for highway: Bank and IDA loans and credits
- Prospects for oil and gas production in the developing world: An assessment of the financial and technical needs of the developing countries in this field in the face of increasing costs of energy imports
- The structure of the Fund: The functions and interrelationships of various Fund organs are discussed in the light of changes made under the Second Amendment of the Articles of Agreement
- The World Bank and the world’s poorest-VI: The sixth article in a continuing series that explains how the Bank is responding to the challenge of finding ways to reduce poverty in member countries
- Education lending for the poor: How education programs designed to reach the poor and to involve them in the development process can be and have been effective
- The economic dimensions of malnutrition in young children: The magnitude of malnutrition in children of the developing world and ways of approaching the problem with specific intervention programs are discussed
- Potential and actual output in industrial countries: A report on a study of the level of potential output and the amount of economic slack in manufacturing in seven industrial countries
- The three tiers of “basic needs” for rural development: A discussion of some of the issues before the upcoming World Conference on Agrarian Reform and Rural Development
- Extraordinary inflation the Argentine experience: An analysis of the economy between 1963 and 1976 examines the role of two main factors affecting inflation: the budget deficit and, surprisingly, government price controls
- The liquidity of the International Monetary Fund: An explanation of the relationship between the demands that might be made on the Fund’s resources and the means at its disposal to meet them
- Review article: Multinationals revisited
- Book notices
Article
The World Bank and the world’s poorest-VI: The sixth 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:
- June 1979
