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....

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...

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 Group, reports that the Bank is operating at a high level of activity. During the first decade, the developing nations succeeded in adding a substantial increment to their very low levels of material wealth and their average rate of growth was...