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International Bank for Reconstruction and Development

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  • Anonymous

Abstract

Lending OperationsThe International Bank for Reconstruction and Development made a loan on November 19, 1954, of $16.2 million to finance the foreign exchange costs of a thermal electric power plant in Bombay, India. The National City Bank of New York had agreed to participate in the loan without the Bank's guarantee to the extent of $1,364,000. The recipients of the loan, the Tata Hydro Electric Power Supply Co., Ltd., the Andhra Valley Power Supply Co., Ltd., and the Tata Power Co., Ltd., had already raised the equivalent of $6.2 million toward the rupee costs of the project ($11.3 million). The loan, which was for a period of 20 years, bore interest of 4¾ percent per annum, including the Bank's 1 percent commission.

Suggested Citation

  • Anonymous, 1955. "International Bank for Reconstruction and Development," International Organization, Cambridge University Press, vol. 9(2), pages 272-274, May.
    • Handle: RePEc:cup:intorg:v:9:y:1955:i:2:p:272-274_8
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    Cited by:

    1. Mihai Niţoi & Dorina Clichici & Simona Moagăr-Poladian, 2021. "Foreign Banks in Central and Eastern Europe: The Good, the Bad and the Ugly," Prague Economic Papers, Prague University of Economics and Business, vol. 2021(5), pages 596-612.
    2. W. G. Huff, 2003. "Currency Boards and Chinese Banking Development in pre-World War II Southeast Asia: Malaya and the Philippines," Working Papers 2003_2, Business School - Economics, University of Glasgow.
    3. Morgan, Mary S., 2008. "‘On a mission' with mutable mobiles," Economic History Working Papers 22500, London School of Economics and Political Science, Department of Economic History.
    4. 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.
    5. Mihai Niţoi & Dorina Clichici & Simona Moagăr-Poladian, . "Foreign Banks in Central and Eastern Europe: The Good, the Bad and the Ugly," Prague Economic Papers, Prague University of Economics and Business, vol. 0.
    6. Easterly, William, 1997. "The ghost of financing gap : how the Harrod-Domar growth model still haunts development economics," Policy Research Working Paper Series 1807, The World Bank.
    7. Peter Bauer, 1998. "B. R. Shenoy: Stature and Impact," Cato Journal, Cato Journal, Cato Institute, vol. 18(1), pages 1-10, Spring/Su.
    8. Carl K. Eicher, 1967. "The Dynamics of Long-Term Agricultural Development in Nigeria," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(5), pages 1158-1170.
    9. Adegboye, Rufus Oladokun, 1964. "Improving land use in Nigeria through removing defects in land inheritance," ISU General Staff Papers 196401010800003725, Iowa State University, Department of Economics.
    10. Mehmet Osman ÇATI, 2016. "Economic Development and Foreign Policy, The Case of Syria 1949-1954," Sosyoekonomi Journal, Sosyoekonomi Society, issue 24(27).
    11. 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.

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