These are the prepared remarks
of Robert S. McNamara, President of the World
Bank, International Finance Corporation, and the International Development Association (IDA). He declares that our common enterprise is to drive back poverty, to lift living standards and to enhance the dignity of man. The Bank intends to lend twice as much in the next five years as in the previous five. He discusses the Bank’s lending in Asia. He discusses new geographical accents. The Bank and IDA are now
ready to finance state-owned development banks; and training
of managers and agriculturalists. He discusses putting population policy at the center of future strategy.
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The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development.