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International Bank for Reconstruction and Development

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  • Anonymous

Abstract

The International Bank for Reconstruction and Development announced on June 10, 1959, a loan equivalent to $11.6 million to the Union of South Africa. The funds were to help carry out a railway expansion program, executed by the South African Railways and Harbors Administration, that had been one of the chief objects of public investment in the Union since the end of World War II. Twelve banks participated in the loan for a total amount of $2,484,000, representing the first three maturities and parts of the fourth and fifth maturities which were to fall due between December 1961 and December 1963. Among the participating banks were: the Bank of America, Continental Illinois National Bank and Trust Company, The Philadelphia National Bank, The New York Trust Company, Morgan Guaranty Trust Company of New York, National Shawmut Bank of Boston, The First National Bank of Chicago, The Chase Manhattan Bank, First National City Bank of New York, The Northern Trust Company, and the Swiss Bank Corporation (Basle). Amortization of the loan, which was for a term of ten years and bore interest of 6 percent, was to begin in December 1961.

Suggested Citation

  • Anonymous, 1959. "International Bank for Reconstruction and Development," International Organization, Cambridge University Press, vol. 13(4), pages 635-639, October.
    • Handle: RePEc:cup:intorg:v:13:y:1959:i:4:p:635-639_12
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    1. Theuns, H.L., 1984. "The emergence of research on Third World tourism: 1945 to 1970: An introductory essay cum bibliography," Other publications TiSEM ce5cebd0-5a2a-41ff-a7a7-3, Tilburg University, School of Economics and Management.
    2. Oron James Hale, 1960. "Louis P. Lochner. Herbert Hoover and Germany. Pp. vii, 244. New York: The Macmillan Company, 1960. $5.00," The ANNALS of the American Academy of Political and Social Science, , vol. 332(1), pages 213-216, November.
    3. Bennett, Gae A. & Hutchison, John H., 1973. "Agricultural Production and Trade of Colombia," Miscellaneous Publications 316481, United States Department of Agriculture, Economic Research Service.
    4. Hausman, William J. & Neufeld, John L. & Schreiber, Till, 2014. "Multilateral and bilateral aid policies and trends in the allocation of electrification aid, 1970–2001," Utilities Policy, Elsevier, vol. 29(C), pages 54-62.
    5. Theuns, H.L., 1984. "The emergence of research on Third World tourism: 1945 to 1970: An introductory essay cum bibliography," Research Memorandum FEW 162, Tilburg University, School of Economics and Management.
    6. Brown, Lester R., 1963. "Agricultural Diversification and Economic Development in Thailand: A Case Study," Foreign Agricultural Economic Report (FAER) 143855, United States Department of Agriculture, Economic Research Service.
    7. Alberto Huidobro, 2014. "Differences between loans granted by commercial and development banks: A cross-sectional analysis of interest rate margins," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 29(2), pages 163-224.
    8. Sanderson, Agnes G., 1963. "British Guiana: Its Agriculture and Trade," Miscellaneous Publications 316469, United States Department of Agriculture, Economic Research Service.

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