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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 6, 1961, a loan equivalent to $3 million to the Central Bank of Costa Rica to assist in a program for the importation of equipment for the development of private industry. The loan was guaranteed by the government of Costa Rica and was for a twelve-year term; the six private banks participating in the loan for a total of $314,000 were to receive the first two maturities falling due in October 1964 and April 1965. On October 13, 1961, the Bank announced three loans. The first, amounting to $34 million, was to the National Power Corporation of the Philippines to assist in financing a large hydroelectric project on the island of Luzon. Twelve United States commercial banks participated in the loan to the amount of $1,217,000 covering the first three maturities of the 25-year term of the loan that was scheduled for semi-annual amortization payments beginning June 1, 1965. On the same day a loan of $50 million to India to assist in railway development under the Third Five-Year Plan was made known. Five United States commercial banks participated for a total of $1,075,000 in the twenty-year term loan with repayment scheduled to begin in February 1965. The final loan announced on October 13 was to Costa Rica for the improvement of its highway system; the International Bank and the International Development Association (IDA) joined in making $11 million available for that purpose, each offering $5.5 million for the financing of the reconstruction and construction of about 420 miles of national and regional highways and for the import of equipment for highway construction and maintenance. Three commercial banks participated to the extent of $150,000 in the fifteen-year term loan; amortization was to begin on May 1, 1965.

Suggested Citation

  • Anonymous, 1962. "International Bank for Reconstruction and Development," International Organization, Cambridge University Press, vol. 16(1), pages 218-223, January.
    • Handle: RePEc:cup:intorg:v:16:y:1962:i:1:p:218-223_9
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    Cited by:

    1. Karel Jansen, 1989. "Financial Development and the Intersectoral Transfer of Resources: The Case of Thailand," Development and Change, International Institute of Social Studies, vol. 20(1), pages 5-34, January.
    2. Mollik, Sazib & Rashid, M.M. & Hasanuzzaman, M. & Karim, M.E. & Hosenuzzaman, M., 2016. "Prospects, progress, policies, and effects of rural electrification in Bangladesh," Renewable and Sustainable Energy Reviews, Elsevier, vol. 65(C), pages 553-567.
    3. William Kelly & Phillips Cutright & David Hittle, 1976. "Comment on charles F. Hohm’s “social security and fertility: An international perspective”," Demography, Springer;Population Association of America (PAA), vol. 13(4), pages 581-586, November.
    4. Brochier J., 1965. "P. Laurent, Les problèmes d'un pays sous-développé : le Dahomey, Economie et politique," Revue Tiers Monde, Programme National Persée, vol. 6(24), pages 1108-1109.
    5. Kirubi, Charles & Jacobson, Arne & Kammen, Daniel M. & Mills, Andrew, 2009. "Community-Based Electric Micro-Grids Can Contribute to Rural Development: Evidence from Kenya," World Development, Elsevier, vol. 37(7), pages 1208-1221, July.
    6. Argandoña, Antonio, 2010. "Corporate social responsibility in the tourism industry. Some lessons from the Spanish experience," IESE Research Papers D/844, IESE Business School.
    7. Samuel E. Gluck, 1963. "MARTIN BIRNBACH. Neo-Freudian Social Philosophy. Pp. vi, 283. Stanford, Calif.: Stanford University Press, 1961. $6.00," The ANNALS of the American Academy of Political and Social Science, , vol. 345(1), pages 202-209, January.
    8. Hartwell, Christopher A. & Devinney, Timothy, 2021. "Populism, political risk, and pandemics: The challenges of political leadership for business in a post-COVID world," Journal of World Business, Elsevier, vol. 56(4).
    9. Herbert Giersch, 1980. "Die Rolle der reichen Länder in der wachsenden Weltwirtschaft," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 116(III), pages 301-320, September.
    10. Badouin Robert, 1965. "Mission Organized by the International Bank for Reconstruction and Development, The Economic Development of Uganda," Revue Tiers Monde, Programme National Persée, vol. 6(24), pages 1109-1110.
    11. Badouin Robert, 1965. "L. Marinelli, The new Liberia," Revue Tiers Monde, Programme National Persée, vol. 6(24), pages 1109-1109.

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