Financing of World Development
Publication
The Empire Club of Canada Addresses (Toronto, Canada), 5 Oct 1987, p. 28-36
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Financing of World Development


A joint meeting of The Empire Club of Canada and The Canadian Club of Toronto. The realities of the global economic scene, and the opportunities needed to grasp if that scene is to be changed for the better. The World Bank as a development institution. How the World Bank has changed along with the needs of those it serves. What has changed over the last 40 years. Specific situations in which the World Bank is involved. Commitments made by the World Bank. The lending role of the World Bank. The part of be played by commercial banks, to their interest, in restoring growth through adjustment in heavily indebted countries. The World Bank's threefold effort to help. Expansion of lending. The International Development Association (IDA), the World Bank's concessionary financing arm. The long-term investment in Africa's sustained development. The World Bank's proposal of an urgent international program of assistance to the most afflicted and most debt-distressed countries. The issue of sustained growth in industrialized nations. The problem of trade protectionism as against the economic self-interest of any nation. The growth of markets and its dependency on an open trading system. Canada's support of the World Bank.