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International Bank for Reconstruction and Development

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  • Anonymous

Abstract

On June 6, 1961, the International Bank for Reconstruction and Development announced a $15 million loan to Ceylon for the expansion of Ceylon's electric generating capacity and for the extension of electric power distribution in western Ceylon. The loan, the third made by the Bank to Ceylon for the purpose of developing an integrated electric power system under the Department of Governmental Electrical Undertakings (DGEU), was to cover the foreign exchange requirements of the project; local currency costs were to be met from government contributions and from DGEU's earnings. The loan was a 25-year term loan at 5%¾ percent interest, with amortization to begin on November 15, 1964. Six commercial banks participated in the loan, without the International Bank's guarantee, for a total amount of $1.1 million.

Suggested Citation

  • Anonymous, 1961. "International Bank for Reconstruction and Development," International Organization, Cambridge University Press, vol. 15(4), pages 705-710, October.
    • Handle: RePEc:cup:intorg:v:15:y:1961:i:4:p:705-710_13
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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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