International Bank for Reconstruction and Development

Anonymous

International Organization, 1950, vol. 4, issue 2, 315-317

Abstract: On January 16, 1950 the International Bank for Reconstruction and Development reported a net income for the six months ending December 31, 1949 of $6,672,667, as compared with $4,804,057 for the first six months of the preceding fiscal year. Gross income, exclusive of $2,709,416 transferred to the special reserve, amounted to $12,268,685, as compared with $10,291,345. Total administrative expenses for the six months ending December 31, 1949 were $2,171,506, as compared with $2,062,840 for the same period the preceding year. Disbursements on loans during the latter six months of 1949 amounted to $40,721,716, increasing the total to $567,012,730, as of December 31. During this same period the Bank made loan commitments of $94,045,000, increasing the total since the Bank began operations to $743,906,983, after making allowance for the cancellation by Luxembourg of $238,017 from its original loan contract of August 28, 1947.

Date: 1950
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