International Bank for Reconstruction and Development

Anonymous

International Organization, 1964, vol. 18, issue 4, 846-854

Abstract: On May 26, 1964, the International Bank for Reconstruction and Development and its affiliate, the International Development Association (IDA), joined with the United States Agency for International Development (AID) and the Inter-American Development Bank (IDB) to provide the equivalent of $39 million to the government of Ecuador to assist a $62.2 million, five-year, national highway program. The International Bank loan amounted to $9 million, the IDA credit to $8 million, the AID loan to $13.3 million, and the IDB loan to $6 million. In September 1963 AID had made a previous loan of $2.7 million for the program; the remaining costs of $23.2 million were to be covered by the government of Ecuador.

Date: 1964
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