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:
“All of the valuable qualities ... like helping in the development of others—will not get you to the top at General Motors, were that path open to women.... The characteristics most highly developed in women and perhaps most essential to human beings are the very characteristics that are specifically dysfunctional for success in the world as it is.... They may, however, be the important ones for making the world different.”
—Jean Baker Miller (20th century)
“on a May morwening upon Malverne hilles
Me befel a ferly, of fairye me thoughte;
I was wery ofwandred and wente me to reste
Under a brod bank by a bournes side;
And as I lay and lenede and lookede on the watres,
I slomerede into a sleeping, it swyede so merye.”
—William Langland (1330–1400)