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International Bank for Reconstruction and Development

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  • Anonymous

Abstract

The International Bank for Reconstruction and Development announced on September 9, 1960, its first loan to Israel, in the amount of $27.5 million to help build and equip a new sheltered deep-water port at Ashdod, on the Mediterranean Sea. The Bank's loan was to cover all the foreign exchange requirements and part of the local currency costs of die first stage of the project, scheduled to be completed early in 1965; diis stage was to include the construction of about two miles of breakwaters, dredging the port area to proper depths for ocean-going ships, extension of piers to a length adequate for the accommodation of five ships at once, construction of a track and roadway within the port area and rail links outside it to a building quarry, construction of transit sheds, paved open storage areas, port utilities, and auxiliary structures, and the supply of some harbor craft, cranes, and cargo-handling equipment. Amortization on the loan, which was for a term of 25 years and bore interest at the rate of 5¾ percent per annum, was to begin in August 1965.

Suggested Citation

  • Anonymous, 1961. "International Bank for Reconstruction and Development," International Organization, Cambridge University Press, vol. 15(1), pages 190-194, January.
    • Handle: RePEc:cup:intorg:v:15:y:1961:i:1:p:190-194_11
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    1. Theuns, H.L., 1984. "The emergence of research on Third World tourism: 1945 to 1970: An introductory essay cum bibliography," Other publications TiSEM ce5cebd0-5a2a-41ff-a7a7-3, Tilburg University, School of Economics and Management.
    2. Rubio, M. del Mar, 2004. "The capital gains from trade are not enough: evidence from the environmental accounts of Venezuela and Mexico," Journal of Environmental Economics and Management, Elsevier, vol. 48(3), pages 1175-1191, November.
    3. Fjeldstad, Odd-Helge, 2013. "Taxation and Development: a Review of Donor Support to Strengthen Tax Systems in Developing Countries," Working Papers 13683, Institute of Development Studies, International Centre for Tax and Development.
    4. Hanson, James A., 1975. "Cycles of economic growth and structural change in Venezuela 1950- 1974," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 32968, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    5. Theuns, H.L., 1984. "The emergence of research on Third World tourism: 1945 to 1970: An introductory essay cum bibliography," Research Memorandum FEW 162, Tilburg University, School of Economics and Management.
    6. Minakshee DAS, 2020. "Determinants Of Inward Foreign Direct Investment: Comparison Across Different Country Groups, 1996-2016," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 20(1), pages 5-22.
    7. Fjeldstad, Odd-Helge, 2013. "Taxation and Development : A Review of Donor Support to Strengthen Tax Systems in Developing Countries," WIDER Working Paper Series 010, World Institute for Development Economic Research (UNU-WIDER).

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