09/25/1978
https://www.presidency.ucsb.edu...
"We now face the constant prospect that the OPEC nations export about $45 billion worth of goods more than they import."
"These declarations were reached, and as I indicated earlier, these are not simply pious words; they are going to be followed up on."
"Let me tell you what was agreed upon."
"The last point I would like to make is this: We see very clearly a need for expanding the function of such institutions as the International Monetary Fund, the World Bank, and the regional banks."