The sixth annual meeting of the Board of Governors of the International Bank for Reconstruction and Development took place in Washington, D. C, September 10 to 14, 1951, concurrently with the meeting of the Board of the International Monetary Fund. In presenting the Bank's Sixth Annual Report to the Board, the President (Black) reviewed briefly the Bank's activities for the year ended June 30, 1951. He pointed out that in all phases of its operations, the year was the largest in the Bank's history and demonstrated its considerable and growing strength. He expressed the opinion that the Bank, unless there was further deterioration in the international situation, could meet all the capital needs of economic development in its member states, to the extent that these needs should be met on a long-term loan basis. In view of this, he questioned the validity of continuing suggestions to vastly increase funds for this purpose. By that he did not exclude the provision of other instruments for providing capital for economic growth and stated that the Bank was studying a proposal for the establishment of an international finance corporation to complement' the Bank by providing equity investments and loans for private enterprise without governmental guarantee. The Bank's report on this proposal was to be presented to the United Nations Economic and Social Council in the spring of 1952.
MODEL PENERAPAN CORPORATE SOCIAL RESPONSIBILITY OLEH MULTINATIONAL CORPORATION DALAM PENGATURAN INTERNATIONAL FINANCE CORPORATION (IFC) DAN MULTILATERAL INVESTMENT GUARANTEE AGENCY (MIGA)