Escott Reid

On March 31 of this year, Robert McNamara completed the first five years of his ten-year term as President of the World Bank Group. He has almost doubled in real terms the volume of lending by the Bank Group. He has more than doubled the size of the professional staff. He has changed the administrative structure. He has improved the relations of the Bank Group with the other international and national aid agencies. He has given the developing member-countries significant new help in their efforts to reduce their birth rates and to reconcile economic growth with the protection of their environment. He has set new criteria for lending.