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International Bank for Reconstruction and Development

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  • Anonymous

Abstract

On July 11, 1958, the International Bank for Reconstruction and Development made a loan equivalent to $33 million to the Japan Development Bank to assist the privately owned Sumitomo Metal Industries Ltd. to modernize and expand the capacity of its iron and steel plants. United States, German, and Swiss banks participated in the loan, without the Bank's guarantee, for a total amount equivalent to $1,100,000. The entire project was scheduled for completion by March 1962 at an estimated cost equivalent to $83 million. The Bank's loan, which financed approximately 40 percent of this total, was for a term of 15 years and bore interest of 5⅜ percent. It was guaranteed by the government of Japan.

Suggested Citation

  • Anonymous, 1958. "International Bank for Reconstruction and Development," International Organization, Cambridge University Press, vol. 12(4), pages 538-541, October.
    • Handle: RePEc:cup:intorg:v:12:y:1958:i:4:p:538-541_11
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    Cited by:

    1. Krzysztof WASNIEWSKI, 2017. "Financial Equilibrium in the Presence of Technological Change," Journal of Economics Library, KSP Journals, vol. 4(2), pages 160-171, June.
    2. M. El-Badry, 1965. "Trends in the components of population growth in the arab countries of the middle east: A survey of present information," Demography, Springer;Population Association of America (PAA), vol. 2(1), pages 140-186, March.
    3. Gallopin, Jean-Baptiste & Thomas, Eddie & Detzner, Sarah & De Waal, Alex, 2021. "Sudan’s political marketplace in 2021: public and political finance, the Juba agreement and contests," LSE Research Online Documents on Economics 111791, London School of Economics and Political Science, LSE Library.

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