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International Bank for Reconstruction and Development

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  • Anonymous

Abstract

On January 11, the International Bank for Reconstruction and Development made a loan of $29,700,000 for electric power development in Mexico. The loan was to be used to finance imports of equipment and materials needed to carry out seven major projects in the 1952–1955 construction program of Mexico's Federal Electricity Commission. The loan, made for a term of 25 years and bearing interest at the rate of 4J½ percent per annum, was the third made to Mexico for power development, in support of that country's current industrial and agricultural expansion. It was estimated that, together with the loans of 1949 and 1950, the loan would contribute to the near doubling of Mexico's electric generating capacity in a span of seven years. The joint borrowers were the Comision Federal de Electricidad, a government agency charged with the development of electric power, and Nacional Financiera, the official financing institution of the Mexican government. The loan was guaranteed by the Mexican government.

Suggested Citation

  • Anonymous, 1952. "International Bank for Reconstruction and Development," International Organization, Cambridge University Press, vol. 6(2), pages 296-298, May.
    • Handle: RePEc:cup:intorg:v:6:y:1952:i:2:p:296-298_8
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    Cited by:

    1. Gupta, Eashan & Auran, Matthew & Frankenfield, Dylan, 2019. "Jamaica'S Currency Board, 1920-1961, And A Comparison With Its Central Bank," Studies in Applied Economics 136, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    2. Chris Meulbroek & Majed Akhter, 2019. "The prose of passive revolution: Mobile experts, economic planning and the developmental state in Singapore," Environment and Planning A, , vol. 51(6), pages 1242-1263, September.
    3. Ross, E.B., 2003. "Modernisation, clearance and the continuum of violence in Colombia," ISS Working Papers - General Series 19142, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    4. Tarik M. Yousef, 2004. "Development, Growth and Policy Reform in the Middle East and North Africa since 1950," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 91-115, Summer.
    5. Pásztor, Szabolcs, 2019. "Gondolatok a fejlesztési segélyek negatív hatásairól P. T. Bauer szellemi örökségének tükrében [Some thoughts on the negative effects of development aid in terms of P. T. Bauers Intellectual Legacy," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(10), pages 1093-1120.
    6. Scott G. Chaplowe, 1998. "Havana's popular gardens:sustainable prospects for urban agriculture," Environment Systems and Decisions, Springer, vol. 18(1), pages 47-57, March.
    7. Treakle, H. Charles, 1965. "The Agricultural Economy of Iraq," Miscellaneous Publications 316412, United States Department of Agriculture, Economic Research Service.
    8. Malcolm Edey & Brian Gray, 1996. "The Evolving Structure of the Australian Financial System," RBA Research Discussion Papers rdp9605, Reserve Bank of Australia.

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