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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 International Bank for Reconstruction and Development on March 1, 1958, announced a loan equivalent to $75 million to the Cassa per il Mezzogiorno, a governmental agency for industry, agriculture, and electric power development in southern Italy. The loan, in which more than twenty financial institutions in the Federal Republic of Germany, the United States, and Canada participated, was for a term of twenty years and bore interest of 5½ percent, including the 1 percent commission allocated to the Bank's Special Reserve. Amortization on the loan, which was guaranteed by the Republic of Italy, was to begin on February 15, 1961.

Type
International Organizations: Summary of Activities: II. Specialized Agencies
Information
International Organization , Volume 12 , Issue 3 , Summer 1958 , pp. 381 - 383
Copyright
Copyright © The IO Foundation 1958

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References

1 International Bank for Reconstruction and Development, Press Release No. 523, March 1, 1958.

2 Ibid., Press Release No. 525, April 3, 1958.

3 Ibid., Press Release No. 527, April 16, 1958.

4 Ibid., Press Release No. 528, April 23, 1958.

5 Ibid., Press Release No. 529, April 28, 1958.

6 Ibid., Press Release No. 531, May 2, 1958.

7 Ibid., Press Release No. 533, May 5, 1958.

8 Ibid., Press Release No. 535, May 9, 1958.

9 International Finance Corporation, Press Release No. 11, March 10, 1958.

10 Ibid., Press Release No. 13, May 5, 1958.

11 International Bank for Reconstruction and Development, Press Release No. 534, May 5, 1958.

12 The New York Times, April 8, 1958.

13 International Bank for Reconstruction and Development, Press Release No. 532, May 5, 1958.

14 Ibid., Press Release No. 524, March 7, 1958.

15 Ibid., Press Release No. 526, April 14, 1958.

16 Ibid., Press Release No. 530, April 25, 1958.