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Segment 3 (The Whole World's Bank) #498952

NBC Evening News for Tuesday, May 23, 1978
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(Studio) Special report is on World Bank, which made its 1st loan in 1946 to France to rebuild RR's torn up in World War II.
REPORTER: John Chancellor

(DC) Amts. lent by World Bank last year and projects that money goes for in cntrys. listed. Percentage of United States contributions to bank, its request for double this amount and congress opposition to that reported [Bank president Robert McNAMARA - predicts population expansion in rest of century. Says it's part of bank's responsibility to see that those people have a chance to live.] McNamara's previous job as American defense secretary during Vietnam war mentioned. His trip to military dictatorship of Bolivia noted; film shown. Congress criticism of McNamara and World Bank for lending money to cntrys. violating human rights and to inds. competing with United States industry outlined. [Representative Clarence LONG - says World Bank salaries too high. Gives details.] Bank's response to these chgs. stated. Details given about bank's financial operations and its loans. McNamara's argument that it's in American's best interest to increase contributions to bank cited. [McNAMARA - describes advantages to United States using Mexico as example] Other details of controversy mentioned.
REPORTER: Irving R. Levine

Reporter(s):
Chancellor, John;
Levine, Irving R.
Duration:
00:05:10

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