International Bank for Reconstruction and Development

Anonymous

International Organization, 1960, vol. 14, issue 3, 463-465

Abstract: The International Bank for Reconstruction and Development announced on February 16, 1960, a loan of $42 million to Iran for an electric power generation, irrigation, and flood control project on the Dez River. The Bank's loan, which was for a term of 25 years and bore interest of 6frac14 percent with amortization beginning August 1, 1964, was to cover the foreign exchange costs of building the project with a total cost of $83 million.

Date: 1960
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