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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 September 16, 1959, a loan equivalent to $40 million for the construction of a 150,000-kilowatt atomic power plant in Italy. This represented the Bank's first loan for the development of nuclear power. The project was the outcome of a joint study begun in 1957 with the Italian government on the technical, economic, and financial merits of a large nuclear power plant to be located in southern Italy. The loan was made to the Cassa per il Mezzogiorno, an Italian government agency, which was to relend the proceeds to the Società Elettronucleare Nazionale (SENN), a corporation which included nine public utilities companies and five industrial companies as shareholders, and was established to build, own, and operate the plant. The total cost of the project was estimated at the equivalent of $66.4 million, of which the International Bank's loan represented about 60 percent, the remainder to be provided by SENN's stockholders. The Bank's loan, which was guaranteed by the Republic of Italy, was to be for a twenty-year term, bearing 6 percent interest, with amortization beginning on February 15, 1964.

Suggested Citation

  • Anonymous, 1960. "International Bank for Reconstruction and Development," International Organization, Cambridge University Press, vol. 14(1), pages 205-209, January.
    • Handle: RePEc:cup:intorg:v:14:y:1960:i:1:p:205-209_10
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    Cited by:

    1. Scobie, Grant McDonald, 1981. "Government policy and food imports: the case of wheat in Egypt," Research reports 29, International Food Policy Research Institute (IFPRI).
    2. 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.
    3. Syed Zishan Ashiq & Aziz Akbar & Khalid Farooq & Syed Minhaj Saleem Kazmi & Muhammad Junaid Munir, 2022. "Suitability Assessment of Marble, Glass Powders and Poly-Propylene Fibers for Improvement of Siwalik Clay," Sustainability, MDPI, vol. 14(4), pages 1-24, February.
    4. 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.
    5. Malcolm J. Gander, 2014. "International water law and supporting water management principles in the development of a model transboundary agreement between riparians in international river basins," Water International, Taylor & Francis Journals, vol. 39(3), pages 315-332, May.
    6. 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.
    7. Sanderson, Agnes G., 1963. "British Guiana: Its Agriculture and Trade," Miscellaneous Publications 316469, United States Department of Agriculture, Economic Research Service.
    8. Shakil Ahmad Romshoo & Asif Marazi, 2022. "Impact of climate change on snow precipitation and streamflow in the Upper Indus Basin ending twenty-first century," Climatic Change, Springer, vol. 170(1), pages 1-20, January.

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