William Gaud
William S. Gaud was appointed Executive Vice President of IFC
International Finance Corporation
The International Finance Corporation promotes sustainable private sector investment in developing countries.IFC is a member of the World Bank Group and is headquartered in Washington, D.C., United States....

 on October 1, 1969. Prior to his joining the Corporation, he had been administrator for the U.S. Agency for International Development. A strong advocate for the developing world, he had coined the term “Green Revolution
Green Revolution
Green Revolution refers to a series of research, development, and technology transfer initiatives, occurring between the 1940s and the late 1970s, that increased agriculture production around the world, beginning most markedly in the late 1960s....

” to describe how agricultural breakthroughs could better feed poor countries.

In an interview with Finance and Development magazine, Gaud said, “IFC’s investments must hold out the promise of earning a profit. I say this for three reasons: first, we want partners in the enterprises in which we invest; second, we want to sell participations in our investments, that is to say, we want to sell part of the shares that we buy and loans that we make in order to turn over our capital so that we can make new investments; and third, above everything else, we are trying to show that private enterprise works. Unless our investments are profitable, how are we going to persuade people that it does work?”

After leaving IFC, Mr. Gaud became a consultant to the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

 and president of the Population Crisis Committee. He died in 1977.

Former World Bank President Robert S. McNamara told the Washington Post that Mr. Gaud was “one of the most dedicated officers I have worked with in my 17 years in government and international organizations.”
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.