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International Bank for Reconstruction and Development

Published online by Cambridge University Press:  22 May 2009

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Extract

The International Bank for Reconstruction and Development made twelve loans to seven countries during the period under review. On June 26, 1957, it loaned an equivalent of $4.8 million to the trust territory of Ruanda-Urundi for improvement of transport. The loan, guaranteed by Belgium, was for a term of twenty years and bore interest of 5⅝ percent, including the 1 percent commission allocated to the Bank's Special Reserve. Amortization payments were to begin January 15, 1961. The Belgian-American Banking Corporation, without the Bank's guarantee, participated in the loan to the extent of $359,000.

Type
International Organizations: Summary of Activities: II. Specialized Agencies
Information
International Organization , Volume 11 , Issue 4 , Autumn 1957 , pp. 675 - 678
Copyright
Copyright © The IO Foundation 1957

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References

1 International Bank for Reconstruction and Development, Press Release 484, June 26, 1957.

2 Ibid., Press Release 485, June 28, 1957.

3 Ibid., Press Release 489, July 12, 1957.

4 Ibid., Press Release 490, July 24, 1957.

5 Ibid., Press Release 494, August 9, 1957.

6 Ibid., Press Release 499, September 12, 1957.

7 Ibid., Press Release 500, September 20, 1957.

8 Ibid., Press Release 501, September 20, 1957.

9 International Finance Corporation, Press Release 4, June 20, 1957.

10 Ibid., Press Release 6, August 13, 1957.

11 Ibid., Press Release 7, September 11, 1957.

12 Ibid., Press Release 8, September 16, 1957.

13 Ibid., Press Release 5, July 30, 1957.

14 International Bank for Reconstruction and Development, Press Release 486, June 28, 1957.

15 Ibid., Press Release 493, August 2, 1957.

16 Ibid., Press Release 487, July 2, 1957.

17 Ibid., Press Release 488, July 9, 1957.

18 Ibid., Press Release 492, July 31, 1957.

19 Ibid., Press Release, August 9, 1957.

20 Ibid., Press Release 496, August 26, 1957.

21 Ibid., Press Release 497, September 5, 1957.