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In his final address to the Board of Directors, President Robert S. McNamara discusses the future role of the Bank during a time in which surging oil prices threaten critical development tasks. He examines four themes: the prospects for economic growth and social advance in oil-importing developing countries; a program of structural adjustment that developing countries, industrialized nations, and OPEC countries can take to maximize growth; the need to accelerate the attack on absolute poverty; and the role the World Bank ought to play in the decade ahead.

Access to Education --- Capital Flows --- Capital Markets --- Capital Requirements --- Child Mortality --- Commercial Banks --- Consumers --- Creditworthiness --- Developing Countries --- Economic Adjustment and Lending --- Economic Growth --- Employment --- Employment Opportunities --- Exchange Rates --- Exporters --- Fertility --- Financial Institutions --- Food Production --- Health, Nutrition and Population --- Industrialization --- Infant Mortality --- Inflation --- Interest Rates --- International Financial Institutions --- Job Creation --- Legislation --- Life Expectancy --- Low-Income Countries --- Macroeconomics and Economic Growth --- Measles --- Migration --- Nutrition --- Official Development Assistance --- Penalties --- Population & Development --- Poverty Reduction --- Primary Education --- Productivity --- Public Investment --- Recession --- Regulatory Agencies --- Remittances --- Respect --- Rural Development --- Sanitation --- Savings --- Savings Rate --- Social Development --- Technical Assistance --- Unemployment --- Universal Primary Education --- Urban Areas --- Wages