Presentation on the World Bank for PS 212 Culture and Politics in the Third World at the University of Kentucky, Summer 2007. Dr. Christopher S. Rice, Instructor.

1. The World Bank Dr. Christopher S. Rice

2. Council on Foreign Relations

3. Bretton Woods

5. “ infinite natural resources feeding limitless increasing prosperity”

6. Institutions: IMF + World Bank

8. “ Apolitical Status”

9. Early Problems

10. “ If you are going to set up a bank you should set up an organization to finance transactions that will in the end liquidate themselves. Otherwise it is not a bank…Where can we loan thirty to fifty billions around the world with any prospects of it being repaid?” Wilbert Ward, then National City Bank of New York (Citicorp) president (1943)

11. The Problem of Low-Quality Loans

13. “ Take my loan - please!”

14. The Problem of Net Negative Transfers

15. Other early problems in lending

16. Source: http://www.ballet.co.uk

18. “ Running any large organization is the same, whether it’s the Ford Motor Co., the Catholic Church, or the Dept. of Defense. Once you get the certain scale, they’re all the same.” Robert McNamara (1973)

19. “The fundamental case for developmental assistance is the moral one. The whole of human history has recognized the principle – at least in the abstract – that the rich and powerful have a moral obligation to assist the poor and weak.” Robert McNamara (1973)

20. McNamara’s Program: Strategy

21. McNamara’s Program: Method

22. “ learning by doing”