Word: colombia
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Dates: during 1950-1959
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...case in point: Colombia. Some 60% of all Colombian breadwinners earn their living in agriculture, yet food production fails to keep pace with population growth. In a report issued last week, a World Bank mission urged the Colombian government to undertake a "mobilization of resources" to expand agricultural output. Among the recommendations...
...Land-tax reform to encourage more productive use of land. Much of Colombia's good crop land is owned by absentees who use it for low-yield grazing, or simply hold on to it as an investment. By taxing unused and underused land, the government could force big landowners to sell some of their holdings to farmers or go into farming themselves...
...Colombia, $95 million for highways, agriculture, railroads, and power development. Most dramatic project: a railroad along the winding Magdalena River to replace stern-wheeler river boats as Colombia's main transport, open up vast new areas for cattle production...
...project, teams of World Bank experts checked the plan to make sure it was workable. Black also found it increasingly valuable to take a look at the overall economy of a prospective borrower, gradually put the bank into the business of broad development planning. In 1949 the government of Colombia asked the bank for a team of experts to help work out a countrywide development program. A dozen specialists spent the better part of a year studying Colombia's basic problems, turned in a volume that became Colombia's charter for development, advising on how to attract foreign...
...countries." To supply the need, the bank currently runs a year-long course for junior-rank career officials, training them in such subjects as balance of payments, national-income accounting, project preparation, etc. Black has also set up a school for senior governmental officials. Among his students last week: Colombia's national-planning director, the financial adviser of Pakistan, the economic director for Egypt's finance ministry...