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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 two loans during the period under review. On May 15, 1957, in participation with other investors, it made a loan equivalent to $15 million to the Finance Corporation for National Reconstruction (Herstelbank) of the Netherlands. The loan was to provide the Herstelbank with additional capital for lending to enterprises for industry, transport and commerce. The total amount of participation in the loan by other investors was $5 million, representing portions of all six maturities, which were to fall due from November 1959 through May 1962. The loan was for a term of five years and bore interest of 5⅝ percent, including the Bank's 1 percent commission.

Type
International Organizations: Summary of Activities: II. Specialized Agencies
Information
International Organization , Volume 11 , Issue 3 , summer 1957 , pp. 532 - 533
Copyright
Copyright © The IO Foundation 1957

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References

1 International Bank for Reconstruction and Development, Press Release 482, May 15, 1937.

2 Ibid., Press Release 483, May 29, 1957.

3 Ibid., Press Release 480, April 18, 1957.

4 Ibid., Press Release 481, May 3, 1957.

5 Ibid., Press Release, May 6, 1957.