George David Woods
George Woods | |
|---|---|
Gene Black | |
| Succeeded by | Robert McNamara |
| Personal details | |
| Born | July 27, 1901 |
George David Woods (July 27, 1901 – August 20, 1982) was a
Biography
George Woods was born in
First Boston became one of the largest investment banking firms in the United States, and Woods played a major role in it. In 1947 he became one of two executive vice presidents, then in 1948 became chairman of the executive committee. Then, in 1951 Woods became chairman of the board.
World Bank Service
Woods tenure at the World Bank accompanied its transformation into a more global institution, One emphasis he had was to work to correct the disparity between rich and poor, and North and South. Under Woods, there was an increasing focus on economic analysis in determining root causes for constrained growth in developing nations, and less focus on the basis determination of country creditworthiness.
Under his tenure, the International Centre for Settlement of Investment Disputes (ICSID) was established, which provided assurance for nervous private investors.
Woods was also leader of the World Bank during the effort to assist India, which resulted in the devaluation of the rupee in 1966.
Honour
Foreign honour
Malaysia : Honorary Grand Commander of the Order of Loyalty to the Crown of Malaysia (1973)[1]
References
| International | |
|---|---|
| National | |
| People | |
| Other | |
