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International Bank for Reconstruction and Development

Published online by Cambridge University Press:  22 May 2009

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Extract

A net profit of $3,162,980 was reported by the International Bank for Reconstruction and Development for the quarter ending September 30, 1949. This compared with a net profit of $2,317,723 for the first quarter of the preceding fiscal year. The net profit brought the total net excess of income over expenses since the Bank began operations to $16,804,074, exclusive of $9,409,734 accumulated in the Special Reserve Fund. Disbursements on loans during the quarter amounted to $15,149,903, making a total of loan disbursements to September 30, 1949 of $541,440,917 and there remained $136,159,083 to be disbursed on loans then in effect. During this time Denmark became the fourth country to make available for lending purposes a part of its 18 per cent currency subscription.

Type
International Organizations: Summary of Activities: II. Specialized Agencies
Information
International Organization , Volume 4 , Issue 1 , February 1950 , pp. 128 - 130
Copyright
Copyright © The IO Foundation 1950

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References

1 International Bank Press Release 156, October 31, 1949.

2 Ibid., 161, December 5, 1949.

3 Ibid., 149, September 29, 1949.

4 For summary of the first loan to India, see International Organization, III, p. 709.

5 International Bank Press Release 152, October 17, 1949.

6 Ibid., 150, October 11, 1949.

7 Ibid., 155, October 25, 1949.

8 Ibid., 159, December 2, 1949.