Robert McNamara - World Bank President

World Bank President

McNamara served as head of the World Bank from April 1968 to June 1981, when he turned 65. In his 13 years at the Bank, he introduced key changes, most notably, shifting the Bank's focus toward targeted poverty reduction. He negotiated, with the conflicting countries represented on the Board, a spectacular growth in funds to channel credits for development, in the form of health, food, and education projects. He also instituted new methods of evaluating the effectiveness of funded projects. One notable project started during McNamara's tenure was the effort to prevent river blindness.

The World Bank currently has a scholarship program under his name.

As World Bank President, McNamara declared at the 1968 Annual Meeting of the International Monetary Fund and the World Bank Group that countries permitting birth control practices would get preferential access to resources.

Read more about this topic:  Robert McNamara

Famous quotes containing the words world, bank and/or president:

    Where is the world we roved, Ned Bunn?
    Hollows thereof lay rich in shade
    By voyagers old inviolate thrown
    Ere Paul Pry cruised with Pelf and Trade.
    To us old lads some thoughts come home
    Who roamed a world young lads no more shall roam.
    Herman Melville (1819–1891)

    A man’s labour is not only his capital but his life. When it passes it returns never more. To utilise it, to prevent its wasteful squandering, to enable the poor man to bank it up for use hereafter, this surely is one of the most urgent tasks before civilisation.
    William Booth (1829–1912)

    “Justice” was done, and the President of the Immortals, in Æschylean phrase, had ended his sport with Tess. And the d’Urberville knights and dames slept on in their tombs unknowing. The two speechless gazers bent themselves down to the earth, as if in prayer, and remained thus a long time, absolutely motionless: the flag continued to wave silently. As soon as they had strength they arose, joined hands again, and went on.
    The End
    Thomas Hardy (1840–1928)