International Bank for Reconstruction and Development

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Abstract
The 1962 annual meeting of the Board of Governors of the International Bank, held in conjunction with the annual meetings of the International Development Association (IDA) and the International Finance Corporation (IFC), took place in Washington, D.C. on September 17–21, 1962, under the chairmanship of Mr.Ahmed Zaki Saad, Governor for Saudi Arabia. In the annual address, Mr. Eugene R. Black, President of the International Bank, summarized some of the achievements of the Bank and its affiliates in the past year. He also commented on the external economic difficulties facing the developing countries and pointed out some of the implications of these difficulties as they affected the amount and kind of aid the developing countries needed.

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