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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 sixteenth annual repot of the International Bank for Reconstruction and Development, covering the fiscal year July 1, 1960, to June 30, 1961, was presented to the Board of Governors on September 19, 1961. The report noted that in the year under review the activities of the International Bank had been part of a broadening stream of financial and technical assistance to the less developed countries. Aid had been provided by: 1) the International Development Association (IDA), an affiliate of the Bank which was designed to aid economic growth by means of credits bearing less heavily on the balance of payments of underdeveloped countries than conventional loans; 2) the Inter-American Development Bank, which attempted to increase the flow of development funds and to coordinate efforts to assist economic development; 3) the UN Special Fund, which had financed pre-investment surveys, in some cases with the International Bank acting as executing agent; and 4) the Development Assistance Group (DAG), which consisted of ten governments that carried on continued consultations—several of these governments had taken steps to facilitate their extension of aid to the less developed countries. The report noted that the Bank had continued to cooperate with the capital markets and with private institutional investors in raising capital for economic development.

Type
International Organizations: Summary of Activities: II. Specialized Agencies
Information
International Organization , Volume 16 , Issue 3 , Summer 1962 , pp. 603 - 619
Copyright
Copyright © The IO Foundation 1962

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References

1 International Bank for Reconstruction and Development, Sixteenth Annual Report, 1960–1961, Washington, D.C., 1961Google Scholar. For a summary of the fifteenth annual report, see International Organization, Spring 1961 (Vol. 15, No. 2), p. 290–291CrossRefGoogle Scholar.

2 International Bank for Reconstruction and Development and International Development Association, Summary Proceedings, 1961 Annual Meetings of the Boards of Governors, September 18–22, 1961, Washington, D.C., 11 15, 1961Google Scholar. For a summary of the 1960 meeting, see International Organization, Spring 1961 (Vol. 15, No. 2), p. 291–294Google Scholar.

3 International Bank for Reconstruction and Development, Press Release 724, December 1, 1961. For a summary of previous activities of the International Bank, see International Organization, Winter 1962 (Vol. 16, No. 1), p. 218–219CrossRefGoogle Scholar. Interest rates are 5¾ percent for the loans here mentioned, unless otherwise stated, and include a one percent commission which is allocated to the Bank's Special Reserve. Private participation in loans is without the Bank's guarantee.

4 International Bank for Reconstruction and Development, Press Release 726, December 22, 1961.

5 International Bank for Reconstruction and Development, Press Release 62/2, January 19, 1962.

6 International Bank for Reconstruction and Development, Press Release 62/3, January 24, 1962.

7 International Bank for Reconstruction and Development, Press Release 62/9, February 9, 1962.

8 International Bank for Reconstruction and Development, Press Release 62/10, February 14, 1962.

9 International Bank for Reconstruction and Development, Press Release 62/11, February 28, 1962.

10 International Bank for Reconstruction and Development, Press Release 62/15, May 23, 1962.

11 International Bank for Reconstruction and Development, Press Release 62/19, May 31, 1962.

12 International Bank for Reconstruction and Development, Press Release 62/20, June 15, 1962.

13 International Bank for Reconstruction and Development, Press Release 62/1, January 5, 1962.

14 International Bank for Reconstruction and Development, Press Release 62/4, January 23, 1962.

15 International Bank for Reconstruction and Development, Press Release 62/17, May 28, 1962.

16 International Bank for Reconstruction and Development, Press Release 62/5 (also International Development Association, Press Release 62/1), January 26, 1962.

17 International Bank for Reconstruction and Development, Press Release 62/8 (also International Development Association, Press Release 62/2), January 30, 1962.

18 International Bank for Reconstruction and Development, Press Release 62/18 (also International Development Association, Press Release 62/6), May 28, 1962.

19 International Bank for Reconstruction and Development, Press Release of January 10, 1962.

20 International Development Association, Press Release of January 29, 1962.

21 International Development Association, Press Release of January 8, 1962.

22 International Bank for Reconstruction and Development and International Development Association, Joint Press Release of February 5, 1962.

23 International Bank for Reconstruction and Development, Press Release of March 16, 1962.

24 See this issue, p. 606 above.

25 International Bank for Reconstruction and Development, Press Release 62/16, May 28, 1962.

26 International Bank for Reconstruction and Development and International Monetary Fund, Joint Press Release, December 21, 1961.

27 International Bank for Reconstruction and Development, International Finance Corporation, International Development Association, International Monetary Fund, Joint Press Release, March 28, 1962.

28 International Development Association, First Annual Report, 1960–1961, Washington, D.C., 1961Google Scholar. For a recent summary of activities of IDA, see International Organization (Vol. 16, No. 1), p. 220–221.

29 International Development Association, Press Release 17, December 1, 1961.

30 International Development Association, Press Release 18, December 22, 1961.

31 International Development Association, Press Release 62/3, February 14, 1962.

32 International Development Association, Press Release 62/4, March 14, 1962.

33 International Monetary Fund, International Bank for Reconstruction and Development, International Finance Corporation, International Development Association, Joint Press Release, March 28, 1962.

34 See this issue, p. 611–612 above.

35 International Development Association, Press Release 62/5, May 28, 1962.

36 International Finance Corporation, Fifth Annual Report, 1960–1961, Washington, D.C., 1961Google Scholar. For a summary of the Fourth Annual Report, see International Organization, Spring 1961 (Vol. 15, No. 2), p. 295Google Scholar.

37 International Finance Corporation, Supplement to the Fifth Annual Report, Washington, D.C., and Press Release 62, 09 21, 1961Google Scholar.

38 International Finance Corporation, Summary Proceedings, 1961 Annual Meeting of the Board of Governors, Vienna, Austria, 1961Google Scholar. For a summary of the 1960 meeting, see International Organization, Spring, 1961 (Vol. 15, No. 2), p. 294–295Google Scholar.

39 International Finance Corporation, Press Release 62, September 21, 1961.

40 International Finance Corporation, Press Releases 64, December 28, 1961; 62/4, February 28, 1962; and 62/5, April 12, 1962. For a summary of previous activities of the International Finance Corporation, see International Organization, Winter 1962 (Vol. 16, No. 1), p. 221–223Google Scholar.

41 International Finance Corporation, Press Release 62/3, February 26, 1962.

42 See this issue, p. 617 above.

43 International Finance Corporation, Press Release 62/2, January 31, 1962.

44 International Monetary Fund, International Bank for Reconstruction and Development, International Finance Corporation, International Development Association, Joint Press Release, March 28, 1962.