Suchergebnisse

Like the International Monetary Fund, the International Bank for Reconstruction and Development devoted most of its first year of existence to the creation of a working organization, postponing its program of making loans to facilitate the reconstruction and development of productive capacity in many nations.

The annual report of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), covering the fiscal year July 1, 1963, to June 30, 1964, was presented to the Boards of Governors of the Bank and IDA on September 7, 1964.

Between July 1,1951 and March 31,1952,1 the International Bank for Reconstruction and Development made fourteen loans totalling $212,658,000, bringing total loan commitments as of March 31, 1952 to $1,326,183,000. Through this period, the Bank continued to advise member governments in the preparation and execution of specific development programs and of general programs for economic development in member countries and their territories.

Forty-seven nations were represented at the third annual meeting of the Board of Governors of the International Bank for Reconstruction and Development, which was held in Washington from September 27 to October 1, 1948. Yun-wu Wang, Minister of Finance of China, acted as chairman of the joint sessions with the International Monetary Fund and also presided at other Bank meetings.

Forty-eight nations were represented at the fourth annual meeting of the Board of Governors of the International Bank for Reconstruction and Development, which was held in Washington from September 13 to 16, 1949. Maurice Petsche, Minister of Finance of France and Chairman of the Board of Governors of the Bank, acted as chairman and as co-chairman at the joint sessions with the International Monetary Fund.

The twelfth annual meeting of the Board of Governors of the International Bank for Reconstruction and Development was held in Washington, D.C., September 23–26, 1957, under the chairmanship of Miguel Cuaderno, Sr. The meeting included four plenary sessions, two of which were held jointly with the International Monetary Fund, and two meetings of the Joint Procedures Committee.

The tenth annual meeting of the Board of Governors of the International Bank for Reconstruction and Development was held in Istanbul, Turkey from September 12 to 16, 1955, under the chairmanship of Ahmed Zaki Saad (Governor for Egypt). Two of the five plenary sessions were held jointly with the Board of Governors of the International Monetary Fund, and on September 15 an informal panel discussion was held on the International Finance Corporation (IFC).

The twentieth annual meeting of the Board of Governors of the International Bank for Reconstruction and Development (IBRD) took place in Washington, September 27–October 1, 1965, under the chairmanship of Yilma Deressa, Minister of Finance and Governor for Ethiopia. The meeting was held in conjunction with the annual meeting of the Board of Governors of the International Monetary Fund (IMF) and with the annual meetings of the Bank's affiliates, the International Development Association (IDA) and the International Finance Corporation (IFC).

Ninth Annual MeetingThe ninth annual meeting of the Board of Governors of the International Bank for Reconstruction and Development was held in Washington from September 24 to 29, 1954, under the chairmanship of J. van de Kieft (Governor for the Netherlands). Two of the five plenary meetings were held jointly with the Board of Governors of the International Monetary Fund, and on September 28 an informal panel discussion was held on the prospects for private international investment.

The eighteenth annual report of the International Bank for Reconstruction and Development, covering the fiscal year July 1, 1962–June 30, 1963, was presented to the Board of Governors on September 30, 1963. The report noted that the number of loans under preparation in the Bank had increased in the period under review, and although it happened that the total of funds lent declined from the previous year, there was no corresponding decline in the number of loans actually made.

The eighth annual meeting of the Board of Governors of the International Bank for Reconstruction and Development was held in Washington from September 9 to 12, 1953, under the chairmanship of Mohamad Ali, Minister of Finance and Economic Affairs of Pakistan. Two of the six plenary meetings were joint sessions with the Board of Governors of the International Monetary Fund. On September 11 an informal panel discussion was held on the subject of private international investment in under-developed countries.

The Board of Governors of the International Bank for Reconstruction and Development held its 1963 annual meeting jointly with that of the International Monetary Fund in Washington, D.C., from September 30 to October 4, 1963, under the chairmanship of Mr. Guido Carli, Governor for Italy.1 The meeting was held in conjunction with the annual meetings of the Bank's affiliates, the International Finance Corporation (IFC) and the International Development Association (IDA). The new President of the Bank and its affiliates, Mr. George D. Woods, presented in his annual address a brief summary of the highlights of the year's activities and a more detailed picture of the future opportunities of the Bank

On May 26, 1964, the International Bank for Reconstruction and Development and its affiliate, the International Development Association (IDA), joined with the United States Agency for International Development (AID) and the Inter-American Development Bank (IDB) to provide the equivalent of $39 million to the government of Ecuador to assist a $62.2 million, five-year, national highway program. The International Bank loan amounted to $9 million, the IDA credit to $8 million, the AID loan to $13.3 million, and the IDB loan to $6 million. In September 1963 AID had made a previous loan of $2.7 million for the program; the remaining costs of $23.2 million were to be covered by the government of Ecuador.

The International Bank for Reconstruction and Development announced on February 16, 1960, a loan of $42 million to Iran for an electric power generation, irrigation, and flood control project on the Dez River. The Bank's loan, which was for a term of 25 years and bore interest of 6frac14 percent with amortization beginning August 1, 1964, was to cover the foreign exchange costs of building the project with a total cost of $83 million.

The second annual meeting of the Board of Governors of the International Bank for Reconstruction and Development convened in London on September 11, 1947. On September 12 the Board adopted a report presented by John J. McCloy, president of the Bank, in which were included an outline of the activities of the Bank since the first annual meeting of the Board a year before, financial statements covering the fiscal year which ended June 30, 1947, and the administrative budget for the fiscal year ending June 30, 1948.