Bangladesh is handicapped by very unfavourable natural conditions, inter alia extreme floods and droughts, an unfavourable pattern of farm sizes and the consequences of rising oil prices. For these reasons agricultural production lagged behind the planned targets in the first two years of the...

In September 1973, the President of the World Bank, Robert S. McNamara, made a challenging address to the Governors of the Central Banks of the member states of the international Monetary Fund. The main subject in his speech was the problem of poverty particularly in rural areas of developing...