World Bank
In 1981 he was appointed President of the World Bank. He was replaced 5 years later by Barber Conable.
Clausen's term as World Bank president saw the massive scaling up of structural adjustment lending that had been introduced under his predecessor Robert McNamara.
Read more about this topic: Alden W. Clausen
Famous quotes containing the words world and/or bank:
“Who wants a world in which the guarantee that we shall not die of starvation entails the risk of dying of boredom?”
—Raoul Vaneigem (b. 1934)
“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 o’clock arrived just once too often,”
—Kenneth Fearing (1902–1961)