Word: banke
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Dates: during 1960-1969
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Second, bilateral aid has not proven to be the most effective form of assistance in all cases. We must increasingly channel our development through multilateral institutions, such as the Inter-American Development Bank, the Central American Bank, and the World Bank. We should also urge that the problems of economic growth in the hemisphere be reviewed more systematically by the Inter-American Committee of the Alliance for Progress...
...must increasingly channel our development aid through multi-lateral institutions such as the World Bank. To systematize and evaluate our foreign aid program we need such institutions as the Inter-American Committee of the Alliance for Progress to provide continuous review...
Robert S. McNamara, president of the World Bank, was named Chairman of the Executive Committee of the Memorial, and Thomas J. Watson, Jr., Chairman of the Board of IBM, will be the Finance Chairman. Samuel Brown, coordinator of student activities for the McCarthy campaign, is one of the seven members of the Executive Committee...
...Sneed is the president of the bank and the chairman of the board of directors and must be concerned with Unity's success. And he also speaks from experience. When he first approached the State Board of Banking Corporation to obtain a charter for Unity, the bank was required to capitalize at $1 million. According to Massachusetts statute, the capitalization requirement is determined by the population of the area where the bank is located. On that basis, Unity should have been able to capitalize at $450,000, not $1 million. "They figured we wouldn't be able to meet that...
Other experiences have made Sneed cynical. When Unity was establishing itself, Only one-tenth of one percent of the corporations invited to be stockholders actually responded. John Hancock, American Mutual, and Liberty Mutual are among those that did. The main task facing the bank now is soliciting accounts. Response, generally, has been good, with the Commonwealth of Massachusetts placing $360,000 in Unity last week to become the largest single depositor. Previously, the United Front Foundation had the largest account. Brandeis, Andover Theological School, Northeastern University, and Boston College have all become depositors and M.I.T. is a stockholder...