Banking: Power Is Given to Be Used

Since Robert S. McNamara left the Pentagon six months ago to become president of the World Bank, he has obeyed a self-imposed rule of silence on matters concerning the bank.* He refused all on-the-record interviews, turned down scores of invitations to make public speeches. Instead, McNamara quietly set about learning the ins and outs of his new job, studying the role of the World Bank and planning new ways of enhancing its importance. First off, he appointed task forces of bank specialists to survey present international economic problems and future possibilities. While the task forces worked, McNamara logged more...