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International Bank for Reconstruction and Development

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  • Anonymous

Abstract

The seventh annual meeting of the Board of Governors of the International Bank for Reconstruction and Development took place in Mexico City, Mexico, from September 3 to 12, 1952, under the chairmanship of Horacio Lafer, Minister of Finance of Brazil. Two of the Boards seven plenary sessions were joint sessions with the Board of Governors of the International Monetary Fund. In presenting the seventh annual report of the Bank to the Board, the President (Black) indicated that private participation in Bank lending would become an increasingly important feature of its operations and that from then on European countries would have to rely more on their own savings and mobilize their own capital more effectively. Mr. Black said that “the Bank, should it be called on, would be glad to search for feasible ways to assist” the European Coal and Steel Community. At the opening session the Chairman (Lafer) stated that the International Monetary Fund “must take a more active role” in using its resources, helping its members find a practical solution to their ex-change problems, and providing greater facilities for meeting temporary un-balance in international payments. He said that “it would be preferable to establish a system which would not compel countries to resort to harmful regimes of severe restrictions”, and that without “an international mechanism capable of supplying credits to an extent corresponding to the general credit Worthiness of each country, it will be impossible to attain the kind of multilateral trade we all hope to restore.”

Suggested Citation

  • Anonymous, 1953. "International Bank for Reconstruction and Development," International Organization, Cambridge University Press, vol. 7(1), pages 134-137, February.
    • Handle: RePEc:cup:intorg:v:7:y:1953:i:1:p:134-137_10
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    Cited by:

    1. Eric Gaisie, 2017. "Living standards in pre-independent Ghana: evidence from household budgets," HHB Working Papers Series 7, The Historical Household Budgets Project.
    2. Herath, Deepananda P.B. & Weersink, Alfons, 2003. "Vertical Coordination Changes In The Sri Lankan Tea Industry:Transaction, Management, And Production Costs," 2003 Annual meeting, July 27-30, Montreal, Canada 21941, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Michele Alacevich, 2010. "Development Agency or Bank? Vision and Strategy of the World Bank in the 50’s and 60’s," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 1, March.
    4. Steele, J. G. & Ramdin, H. N., 1971. "Soil Resources Of Guyana," 9th Annual Meeting, 1971, Georgetown, Guyana 263363, Caribbean Food Crops Society.
    5. Emanuele Felice & Amedeo Lepore, 2017. "State intervention and economic growth in Southern Italy: the rise and fall of the ‘Cassa per il Mezzogiorno’ (1950–1986)," Business History, Taylor & Francis Journals, vol. 59(3), pages 319-341, April.
    6. Jay Mandle, 1970. "The decline in mortality in British Guiana, 1911-1960," Demography, Springer;Population Association of America (PAA), vol. 7(3), pages 301-315, August.
    7. Alacevich, Michele, 2008. "The World Bank's early reflections on development : a development institution or a bank?," Policy Research Working Paper Series 4670, The World Bank.
    8. Aurora Gómez-Galvarriato, 2007. "The Political Economy of Protectionism: The Mexican Textile Industry, 1900-1950," NBER Chapters, in: The Decline of Latin American Economies: Growth, Institutions, and Crises, pages 363-406, National Bureau of Economic Research, Inc.
    9. Sanderson, Agnes G., 1963. "British Guiana: Its Agriculture and Trade," Miscellaneous Publications 316469, United States Department of Agriculture, Economic Research Service.

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