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International Bank for Reconstruction and Development

Published online by Cambridge University Press:  22 May 2009

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Extract

Like the International Monetary Fund, the International Bank for Reconstruction and Development devoted most of its first year of existence to the creation of a working organization, postponing its program of making loans to facilitate the reconstruction and development of productive capacity in many nations.

Type
International Organizations: Summary of Activities II. The Specialized Agencies
Information
International Organization , Volume 1 , Issue 1 , February 1947 , pp. 126 - 127
Copyright
Copyright © The IO Foundation 1947

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References

1 International Bank for Reconstruction and Development, Selected Documents of the Inaugural Meeting of the Board of Governors, Washington, May, 1946, pp. 50–2.

2 Ibid., p. 57.

3 Ibid., pp. 47–48.

4 International Bank for Reconstruction and Development, First Annual Report of the Executive Directors, Washington, September 27, 1946, p. 2. Hereinafter cited as First Annual Report.

5 Ibid., p. 2. Article II (7) of Articles of Agreement.

6 United Nations Weekly Bulletin, Vol. I, No. 11, October 14, 1946, p. 18.

7 First Annual Report, pp. 2–3.

8 First Annual Report, p. 26.

9 International Bank for Reconstruction and Development, Press Release No. 14, October 14, 1946. France and Iran later filed formal requests for loans.

10 First Annual Report, p. 11.