The World Bank: aims and performance

Ayers, William L.
March 1950
America;3/4/1950, Vol. 82 Issue 22, p635
The article discusses the rules and accomplishments of the International Bank for Reconstruction and Development. The goal of the bank is to extend long-term credits for reconstruction of war-torn countries and the development of backward areas. An impassable barrier against risky loans was created by the bank to ensure that the rule of sound ones was observed. Two substantial domestic bond issues were successfully sold by the bank.


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