September 27th1971, Washington, DC, USA. Robert McNamara, President of the World Bank from 1968 to 1981, at a General Assembly of the International Monetary Fund (IMF) in 1971. In July 1944, representatives from 44 countries assembled at Bretton Woods, USA agreed to create the IMF in order to stabilize the increasingly delicate world economy. In August 1971, American President Richard Nixon (1969-1974) scrapped the gold exchange standard, extending the life of the IMF but pushing it into a secondary role. Only at the beginning of the 1980s, following the crisis of the Third World debt, was the IMF called on again to play a major role in world economy. McNamara was also Defense Secretary under both John F. Kennedy and Lyndon B. Johnson from 1961 to 1968.
September 27th1971, Washington, DC, USA. Robert McNamara, President of the World Bank from 1968 to 1981, at a General Assembly of the International Monetary Fund (IMF) in 1971. In July 1944, representatives from 44 countries assembled at Bretton Woods, USA agreed to create the IMF in order to stabilize the increasingly delicate world economy. In August 1971, American President Richard Nixon (1969-1974) scrapped the gold exchange standard, extending the life of the IMF but pushing it into a...
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Filename: FMI GENERAL MEETING IN WASHINGTON DC 1971 LAF28989 32.jpg
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