World Bank Document
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL FINANCE CORPORATION INTERNATIONAL DEVEWPMENT ASSOCIATION Public Disclosure Authorized 1971 ANNUAL MEETINGS OF THE BOARDS OF GOVERNORS SUMMARY PROCEEDINGS Public Disclosure Authorized Public Disclosure Authorized WASmNGTON, D.C. SEPTEMBER 27·0CTOBER 1, 1971 Public Disclosure Authorized INTRODUCTORY NOTE The 1971 Annual Meeting of the Board of Governors of the International Bank for Reconstruction and Development, held jointly with that of the International Monetary Fund, took place in Washington, D.C., September 27-0ctober 1 (inclusive). The Honora ble Karl Schiller, Governor of the Bank for Germany, and the Honorable Karl Klasen, Governor of the Fund for Germany, served as Chairmen. The Annual Meetings of the Bank's affiliates, the International Finance Corporation (IFC) and the International Development Association (IDA), were held in conjunction with the Annual Meeting of the Bank. The Summary Proceedings record, in alphabetical order of mem ber countries, the texts of statements by Governors relating to the activities of the Bank, IFC and IDA. The texts of statements con cerning the IMF are published separately by the Fund. M. M. MENDELS Secretary INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT AND AFFILIATES Washington, D.C. December 15, 1971 v CONTENTS Page Opening Greetings by John B. Connally, Governor of the Bank and Fund for the United States ............ Opening Address by the Co-Chairman, Karl Schiller. Governor of the Bank for Germany. 2 Annual Address by Robert S. McNamara, President of the Bank and its Affiliates. 7 Statements by Governors and Alternate Governors. .. 31 Concluding Remarks by Mr. McNamara ...... , .... " ... , .. 185 Concluding Remarks by the Co-Chairman, Karl Schiller.
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