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International Bank for Reconstruction and Development

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  • Anonymous

Abstract

The eighth annual report of the International Bank for Reconstruction and Development revealed a net income for the fiscal year July 1, 1952–June 30, 1953, of $18,485,411 as compared with $15,872,883 for the preceding fiscal year. The net income was placed in the Supplemental Reserve against losses on loans and guarantees, increasing that reserve to $76,513,511. The Bank's Special Reserve was raised to $37,236,477 by the addition of loan commissions amounting to $9,551,822. Total reserves at the end of the fiscal year were $113,749,988; total subscribed capital was $9,036,500,000. Ten loans had been made during the year totaling $178,633,464; since it had begun operations, the Bank had made loans amounting to $1,590,766,464. Non-dollar loans were larger in relation to the year's total than ever before in the Bank's operations. Total disbursements on new and existing loans were $226,756,982, the highest rate in the Bank's history; 17 percent of the year's disbursements were in currencies other than the United States dollar, another record high. In addition to its lending operations, the Bank had continued its practice of sending, eitheralone or in conjunction with other organizations, general economic survey missions and specialized missions to member countries on request.

Suggested Citation

  • Anonymous, 1953. "International Bank for Reconstruction and Development," International Organization, Cambridge University Press, vol. 7(4), pages 561-565, November.
    • Handle: RePEc:cup:intorg:v:7:y:1953:i:4:p:561-565_10
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    Cited by:

    1. Eric Gaisie, 2017. "Living standards in pre-independent Ghana: evidence from household budgets," HHB Working Papers Series 7, The Historical Household Budgets Project.
    2. Michele Alacevich, 2010. "Development Agency or Bank? Vision and Strategy of the World Bank in the 50’s and 60’s," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 1, March.
    3. Emanuele Felice & Amedeo Lepore, 2017. "State intervention and economic growth in Southern Italy: the rise and fall of the ‘Cassa per il Mezzogiorno’ (1950–1986)," Business History, Taylor & Francis Journals, vol. 59(3), pages 319-341, April.
    4. Jay Mandle, 1970. "The decline in mortality in British Guiana, 1911-1960," Demography, Springer;Population Association of America (PAA), vol. 7(3), pages 301-315, August.
    5. Alacevich, Michele, 2008. "The World Bank's early reflections on development : a development institution or a bank?," Policy Research Working Paper Series 4670, The World Bank.
    6. Herath, Deepananda P.B. & Weersink, Alfons, 2003. "Vertical Coordination Changes In The Sri Lankan Tea Industry:Transaction, Management, And Production Costs," 2003 Annual meeting, July 27-30, Montreal, Canada 21941, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Steele, J. G. & Ramdin, H. N., 1971. "Soil Resources Of Guyana," 9th Annual Meeting, 1971, Georgetown, Guyana 263363, Caribbean Food Crops Society.
    8. Aurora Gómez-Galvarriato, 2007. "The Political Economy of Protectionism: The Mexican Textile Industry, 1900-1950," NBER Chapters, in: The Decline of Latin American Economies: Growth, Institutions, and Crises, pages 363-406, National Bureau of Economic Research, Inc.
    9. 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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