 International Bank for Reconstruction and DevelopmentAnonymous International Organization, 1953, vol. 7, issue 4, 561-565 Abstract: The eighth annual report of the International Bank for Reconstruction and Development revealed a net income for the fiscal year July 1, 1952–June 30, 1953, of $18,485,411 as compared with $15,872,883 for the preceding fiscal year. The net income was placed in the Supplemental Reserve against losses on loans and guarantees, increasing that reserve to $76,513,511. The Bank's Special Reserve was raised to $37,236,477 by the addition of loan commissions amounting to $9,551,822. Total reserves at the end of the fiscal year were $113,749,988; total subscribed capital was $9,036,500,000. Ten loans had been made during the year totaling $178,633,464; since it had begun operations, the Bank had made loans amounting to $1,590,766,464. Non-dollar loans were larger in relation to the year's total than ever before in the Bank's operations. Total disbursements on new and existing loans were $226,756,982, the highest rate in the Bank's history; 17 percent of the year's disbursements were in currencies other than the United States dollar, another record high. In addition to its lending operations, the Bank had continued its practice of sending, eitheralone or in conjunction with other organizations, general economic survey missions and specialized missions to member countries on request. Date: 1953 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cup:intorg:v:7:y:1953:i:4:p:561-565_10 Access Statistics for this article More articles in International Organization from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK. |
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