Robert S. McNamara, President of the World Bank Group, emphasizes that the Bank is a development investment institution, not a philanthropic or social welfare organization. He says the Bank's lending policy is founded on two basic principles: sound projects and creditworthy borrowers. Loans are...

Robert S. McNamara, President of the World Bank, reported on the Bank's operations in fiscal year 1972 and reviewed the progress of the Five-Year Program for 1969-73. He assessed the current state of development in member countries and outlined the program for the five years 1974-78. He explored...

Robert S. McNamara, President of the World Bank, reviewed the state of development, and the relationship of economic growth to social equity. First, he summarized recent Bank activities, particularly those which bring the Bank into working relationships with other parts of the U.N. system....

In his first public speech as President of the World Bank, Robert S. McNamara stressed that the Bank faced the question of what action the Bank, as a development organization, needs to take to overcome the recent mood of frustration and failure among developing countries and donors. He noted...

In his final address to the Board of Directors, President Robert S. McNamara discusses the future role of the Bank during a time in which surging oil prices threaten critical development tasks. He examines four themes: the prospects for economic growth and social advance in oil-importing...