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:

    There is nothing in the world more stubborn than a corpse: you can hit it, you can knock it to pieces, but you cannot convince it.
    Alexander Herzen (1812–1870)

    It was like passing a boundary to dive
    Into the sun-filled water, brightly leafed
    And limbed and lighted out from bank to bank.
    That’s how the stars shine during the day.
    Wallace Stevens (1879–1955)

    The President has apples on the table
    And barefoot servants round him, who adjust
    The curtains to a metaphysical t
    And the banners of the nation flutter, burst
    On the flag-poles in a red-blue dazzle, whack
    At the halyards.
    Wallace Stevens (1879–1955)