TITLE

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT

PUB. DATE
August 1954
SOURCE
International Organization;Aug54, Vol. 8 Issue 3, p385
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The International Bank for Reconstruction and Development reported a net income of fifteen million dollars as compared to almost thirteen million dollars for the corresponding period of 1953. With the addition of this income, the institution raises its Supplemental Reserve Against Losses on Loans and Guarantees to almost ninety two million dollars. On April 8, 1954, the Bank announced that a loan of twenty five million dollars has been made to Norway for use in implementing the country's development programs. The Republic of Indonesia joined the institution on April 15, becoming the fifty first member of the Bank with a subscription to the capital stock of the Bank of 1,100 shares with a total per value of one hundred one million dollars. Also, a second report by the management of the Bank on the status of proposals for an international finance corporation was submitted to the United Nations Economic and Social Council.
ACCESSION #
15820008

 

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