Abstract
The Board of Governors of the International Bank for Reconstruction and Development held its 1963 annual meeting jointly with that of the International Monetary Fund in Washington, D.C., from September 30 to October 4, 1963, under the chairmanship of Mr. Guido Carli, Governor for Italy.1 The meeting was held in conjunction with the annual meetings of the Bank's affiliates, the International Finance Corporation (IFC) and the International Development Association (IDA). The new President of the Bank and its affiliates, Mr. George D. Woods, presented in his annual address a brief summary of the highlights of the year's activities and a more detailed picture of the future opportunities of the Bank

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