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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 Board of Governors of the International Bank for Reconstruction and Development held its 1963 annual meeting jointly with that of the International Monetary Fund in Washington, D.C., from September 30 to October 4, 1963, under the chairmanship of Mr. Guido Carli, Governor for Italy.1 The meeting was held in conjunction with the annual meetings of the Bank's affiliates, the International Finance Corporation (IFC) and the International Development Association (IDA). The new President of the Bank and its affiliates, Mr. George D. Woods, presented in his annual address a brief summary of the highlights of the year's activities and a more detailed picture of the future opportunities of the Bank

Type
International Organizations: Summary of Activities: II. Specialized Agencies
Information
International Organization , Volume 18 , Issue 3 , Summer 1964 , pp. 604 - 616
Copyright
Copyright © The IO Foundation 1964

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References

1 International Bank for Reconstruction and Developmentw, International Development Association, Summary Proceedings, 1963 Annual Meetings of the Boards of Governors (Washington, D.C., 1963)Google Scholar. For a summary of the seventeenth annual meeting, see International Organization, Spring 1963 (Vol. 17, No. 2), pp. 493–494CrossRefGoogle Scholar.

2 The Summary Proceedings of the annual meeting of the International Finance Corporation was issued separately and is summarized in this issue, pp. 613–614.

3 International Bank for Reconstruction and Development (IBRD) Press Release 63/49, November 6, 1963. For a summary of previous activities of the Bank, see International Organization, Winter 1964 (Vol. 18, No. 1), pp. 176–183Google Scholar.

4 All Bank loans summarized in this section, except as otherwise indicated, were at an interest of 51/2 percent per annum, including the one percent commission allocated to the Bank's Special Reserve.

5 IBRD Press Release 63/50, November 12, 1963.

6 IBRD Press Release 64/6, March 12, 1964.

7 IBRD Press Release 63/51, November 22, 1963.

8 IBRD Press Release 63/52, December 18, 1963.

9 IBRD Press Release 64/1, January 8, 1964.

10 IBRD Press Release 64/3, February 7, 1964.

11 IBRD Press Release 64/5, March 11, 1964.

12 IBRD Press Release 64/7, March 12, 1964.

13 IBRD Press Release 64/11, April 22, 1964.

14 IBRD Press Release 64/12, April 22, 1964.

15 IBRD Press Release 64/13, May 14, 1964.

16 IBRD Press Release 64/16, May 14, 1964.

17 IBRD Press Release 64/17, May 14, 1964.

18 IBRD Press Release 64/18, May 14, 1964.

19 IBRD Press Release 64/14, May 5, 1964.

20 Ibrd.

21 IBRD Press Release of December 19, 1963.

22 IBRD Press Release 64/4, February 25, 1964.

23 IBRD Press Release 64/8, March 30, 1964.

24 IBRD Press Release 64/9, April 6, 1964.

25 IBRD Press Release 64/15, May 7, 1964.

26 IBRD Press Release of January 13, 1964.

27 International Development Association (IDA) Press Release 63/14, December 12, 1963. For a summary of previous IDA activities, see International Organization, Winter 1964 (Vol. 18, No. 1), pp. 186–187Google Scholar.

28 In all IDA credit operations summarized in this section, the credits were for terms of 50 years and repayments of the principal would begin after a ten-year period of grace. Thereafter, one percent of the principal would be repayable annually for ten years and 3 percent would be repayable annually for the final 30 years. The credits were free of interest, but a service charge of ¾ of one percent per annum on the amounts withdrawn and outstanding would be made to meet IDA's administrative costs.

29 IDA Press Release 63/15, December 20, 1963.

30 IDA Press Release 64/1, February 5, 1964.

31 IDA Press Release 63/16, December 26, 1963.

32 IDA Press Release 63/17, December 26, 1963.

33 IDA Press Release 64/3, March 25, 1964.

34 IBRD Press Release 64/10, IDA Press Release 64/4, April 8, 1964.

35 IMF, IBRD, IFC, IDA Joint Press Release of February 3, 1964.

36 IDA Press Release 64/2, March 1, 1964.

37 ibid.

38 IDA Press Release 64/5, May 12, 1964.

39 International Finance Corporation, Summary Proceedings, 1963 Annual Meeting of the Board of Governors (Washington, D.C., 1963)Google Scholar. For a summary of the sixth annual meeting, see International Organization, Spring 1963 (Vol. 17, No. 2), p. 499Google Scholar.

40 IFC Press Release 64/2, January 6, 1964, as amended by the IFC Office of Information. For a summary of previous IFC investment operations, see International Organization, Winter 1964 (Vol. 18, No. 1), pp. 184–185Google Scholar.

41 IFC Press Release 64/3, January 16, 1964, as amended by the IFC Office of Information.

42 IFC Press Release 64/4, January 22, 1964.

43 IFC Press Release 64/5, February 7, 1964, as amended by the IFC Office of Information.

44 IBRD Press Release 64/5, IFC Press Release 64/6, March 11, 1964.

45 IFC Press Release 64/7, April 1, 1964.

46 IFC Press Release 64/8, April 7, 1964.

47 IFC Press Release 64/9, May 4, 1964.

48 IMF, IBRD, IFC, IDA Joint Press Release of February 3, 1964.