International Bank for Reconstruction and Development

Anonymous

International Organization, 1951, vol. 5, issue 4, 784-788

Abstract: The sixth annual report of the International Bank for Reconstruction and Development to the Board of Governors, covering the period July 1, 1950 to June 30, 1951, was transmitted by the President of the Bank (Black) to the Board on September 10, 1951. During the fiscal year reviewed in the report the Bank was faced with new and changing conditions in the world; while this was true of every other year since 1946, “at no time in the Bank's experience, however, have die economic conditions of the world changed so abruptly as in the year just ended.” These changes had two conflicting results: on die one hand, diey provided underdeveloped countries “opportunities for growth” and “created more favorable conditions for die Bank's lending operations”; on die odier hand, diey raised serious new problems.

Date: 1951
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