International Bank for Reconstruction and Development

Anonymous

International Organization, 1957, vol. 11, issue 4, 675-678

Abstract: The International Bank for Reconstruction and Development made twelve loans to seven countries during the period under review. On June 26, 1957, it loaned an equivalent of $4.8 million to the trust territory of Ruanda-Urundi for improvement of transport. The loan, guaranteed by Belgium, was for a term of twenty years and bore interest of 5⅝ percent, including the 1 percent commission allocated to the Bank's Special Reserve. Amortization payments were to begin January 15, 1961. The Belgian-American Banking Corporation, without the Bank's guarantee, participated in the loan to the extent of $359,000.

Date: 1957
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