The Mighty World Bank Washington, 1975–1982

In 1975 I was sent to Washington, DC to be Canadaʹs resident representative at the World Bank. Technically, I was to be one of twenty executive directors who represented the shareholder governments which contributed the financial backing that enabled the Bank to conduct its vast activities. As execu...

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Bibliographic Details
Published inA Stubble-Jumper in Striped Pants p. 131
Main Author Drake, Earl
Format Book Chapter
LanguageEnglish
Published Canada University of Toronto Press 14.09.1999
Subjects
Administrative law
Agricultural sciences
Agriculture
Agronomy
Bank loans
Bank management
Banking
Banking policy
Banking regulation
Banks
Biological sciences
Central banks
Commercial regulation
Continental philosophy
Crops
Development economics
Development studies
Economic development
Economic disciplines
Economic regulation
Economics
Field crops
Finance
Financial economics
Financial instruments
Food crops
International economics
Law
Loans
Macroeconomics
Marxian economics
Metaphilosophy
Philosophy
Social sciences
Western philosophy
World Bank
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Summary:In 1975 I was sent to Washington, DC to be Canadaʹs resident representative at the World Bank. Technically, I was to be one of twenty executive directors who represented the shareholder governments which contributed the financial backing that enabled the Bank to conduct its vast activities. As executive directors, we were responsible for examining and approving, in weekly meetings with President Robert McNamara and his senior staff, all Bank transactions. These included borrowings on the world bond markets, loans to developing countries, oversight of affiliated organizations (notably the International Development Association, a low-interest loan program for the poorest countries), and
ISBN:0802044646
9780802044648
DOI:10.3138/9781442670495.14