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International Bank for Reconstruction and Development

Published online by Cambridge University Press:  22 May 2009

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Extract

On January 6, 1949 the International Bank granted two loans totalling $34,100,000 for electric power development in Mexico. These were in pursuance of a policy stated in the Bank's third annual report of a definite increase in its activities in parts of the world other than Europe, and was the second time the Bank granted a loan for development purposes in the western hemisphere. The joint borrowers in the case of each Mexican loan were the Comisión Federal de Electricidad, a Mexican Government agency charged with the development of electric power facilities, and Nacional Financiera, an official financing institution whose functions included negotiation of foreign loans on behalf of the Mexican Government. Both loans are guaranteed by the Mexican Government.

Type
International Organizations: Summary of Activities: II. Specialized Agencies
Information
International Organization , Volume 3 , Issue 2 , May 1949 , pp. 340 - 344
Copyright
Copyright © The IO Foundation 1949

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References

l International Bank Press Release 122, January 6, 1949.

2 For summary of Third Annual Report 1947–1948, see International Organization, III, pp. 147–149

3 International Bank Press Release, op. cit.

4 Ibid.

5 Ibid., 126, January 27, 1949.

6 Ibid., 130, February 28, 1949.

7 Ibid.

8 Ibid., 129, February 16, 1949.

9 Ibid., 122, January 6, 1949.

10 Ibid., 124, January 12, 1949.

11 Ibid., 127, January 31, 1949.

12 Ibid.