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Address Presenting the Third Annual Report / John J McCloy.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- McCloy, John J.
- Series:
- Speeches of World Bank Presidents.
- World Bank e-Library.
- Speeches of World Bank Presidents
- Language:
- English
- Subjects (All):
- Capital Markets.
- Capital Markets and Capital Flows.
- Conflict and Development.
- Finance and Development.
- Finance and Financial Sector Development.
- Governance.
- International Cooperation.
- International Financial Markets.
- International Governmental Organizations.
- Living Standards.
- Post Conflict Reconstruction.
- Local Subjects:
- Capital Markets.
- Capital Markets and Capital Flows.
- Conflict and Development.
- Finance and Development.
- Finance and Financial Sector Development.
- Governance.
- International Cooperation.
- International Financial Markets.
- International Governmental Organizations.
- Living Standards.
- Post Conflict Reconstruction.
- Place of Publication:
- Washington, D.C. : The World Bank, 2019.
- System Details:
- data file
- Summary:
- John J. McCloy, President of the International Bank for Reconstruction and Development, discussed the European Recovery Program and the role of Bank in it. He reported on provisions for using loan proceeds. He was proud of a guarantee operation to sell the notes of Dutch shipping companies to U.S. banks. He spoke about how the Bank sold to the Bank for International Settlements an issue of Swiss Franc bonds, and the proceeds were used in the loan to The Netherlands. He concluded by talking about variety of the projects presented to the Bank from all over the world and how this would keep the Bank busy.
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