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International Bank for Reconstruction and Development

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  • Anonymous

Abstract

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.

Suggested Citation

  • Anonymous, 1957. "International Bank for Reconstruction and Development," International Organization, Cambridge University Press, vol. 11(4), pages 675-678, October.
    • Handle: RePEc:cup:intorg:v:11:y:1957:i:4:p:675-678_12
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