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:
“The world is forever babbling of originality; but there never yet was an original man, in the sense intended by the world; the first man himselfwho according to the Rabbins was also the first authornot being an original; the only original author being God.”
—Herman Melville (18191891)
“Denouement to denouement, he took a personal pride in the
certain, certain way he lived his own, private life,
but nevertheless, they shut off his gas; nevertheless,
the bank foreclosed; nevertheless, the landlord called;
nevertheless, the radio broke,
And twelve oclock arrived just once too often,”
—Kenneth Fearing (19021961)
“I shouldnt want you to be surprised, or to draw any particular inference from my making speeches, or not making speeches, out there. I dont recall any candidate for President that ever injured himself very much by not talking.”
—Calvin Coolidge (18721933)