International Bank for Reconstruction and Development

Anonymous

International Organization, 1949, vol. 3, issue 2, 340-344

Abstract: On January 6, 1949 the International Bank granted two loans totalling $34,100,000 for electric power development in Mexico. These were in pursuance of a policy stated in the Bank's third annual report of a definite increase in its activities in parts of the world other than Europe, and was the second time the Bank granted a loan for development purposes in the western hemisphere. The joint borrowers in the case of each Mexican loan were the Comisión Federal de Electricidad, a Mexican Government agency charged with the development of electric power facilities, and Nacional Financiera, an official financing institution whose functions included negotiation of foreign loans on behalf of the Mexican Government. Both loans are guaranteed by the Mexican Government.

Date: 1949
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