Mr. Robert McNamara, President of the World Bank, visited Dahomey earlier this month to gain?
Mr. Robert McNamara, President of the World Bank, visited Dahomey earlier this month to gain a better understanding of the problems facing the country. He arrived in Porto-Novo from Togo.
Mr. McNamara has been assured a second five year term as President of the World Bank. So far during his term of office, Mr. McNamara has doubled the World Bank's rate of lending to over GBP100,000 million a year, just as he promised three years ago.
Mr. McNamara said the World Bank had already helped Dahomey's development and planned to examine with the country's leaders how the bank might continue to support the development effort which Dahomey had undertaken.
The World Bank has granted a large sum of money for agricultural development in 1969 and Mr. McNamara planned to visit many of the projects aided by the finance.
SYNOPSIS: The President of the World Bank, Mr. Robert McNamara visited Dahomey earlier this month. He was met at the Togo border by Dahomey's Finance Minister Mr. Thomas Lahami and other Government officials. Mr. McNamara said he had come to Dahomey to get a better understanding of the problems facing the country. The World Bank has already helped Dahomey's development and Mr. McNamara hoped he could examine how the bank might continue to support the country's development effort.
Mrs. McNamara, accompanying her husband, was greeted by Mrs. Lahami and escorted by her during the Bank President's two-day visit.
From the border Mr. McNamara was escorted to Porto-Novo to examine several agricultural projects previously financed by the World Bank. Mr. McNamara was recently ensured a second five year term as President of the World Bank. In his first term of office, he has doubled the Bank's lending rate to over 100-thousand-million pounds a year. While in Dahomey's capital of Cotonou Mr. McNamara was guest of honour at a dinner given by President Mathieu Kerekou.