John. J. McCloy, President of the International Bank for Reconstruction and Development, discussed staff recruitment and the development of Bank policies. Loan requirements emphasize productive projects of reconstruction and development. Supervision ensures the funds are not diverted. He spoke...

John J. McCloy, President of the International Bank for Reconstruction and Development, spoke about the elusive matter of international economic recovery. He reviewed the policy environment for the European Recovery Program (Marshall Plan), economic integration, and international trade...

John. J. McCloy, President of the International Bank for Reconstruction and Development, discussed the U.S. announcement of the European Recovery Program (Marshall Plan). This ambitious plan must be economically successful. The inherent strengths of Europe give reasonable assurance of the...