Date
Timeline Description

While more than 3/4 of the Bank's funded debt is denominated in U.S. dollars, about half of the Bank's total obligations were held outside the United States.

Detail Description

While more than 75% of the Bank's funded debt is denominated in U.S. dollars, the World Bank's Annual Report for 1958-59 estimates "that about half of the Bank's total obligations were held outside the United States" (page 14). The majority of these non-American issues would have taken place in Europe. This is the first time that Bank debt to non-U.S. countries matches debt to the United States.

Image Timeline
World Bank Statement of Loans, June 30, 1959 from the World Bank Annual Report 1958-59.
Image Timeline Caption

World Bank Statement of Loans, June 30, 1959 from the World Bank Annual Report 1958-59.

Resource
Title
World Bank Annual Report 1958-59
Image
World Bank Annual Report 1958-59
Description
Document date: June 30, 1959
The Bank's borrowing for fiscal year 1958-59 is discussed on pages 13-14. Appendix F on pages 40-41 lists the funded debt of the Bank.
Event
94
Description

Sept. 23, 1957
President Black discusses the Bank's recent lending activities and announces that more than half of the Bank's outstanding bonds are held outside the U.S. (36I).

Image
President Black address to the Boards of Governors
Title
President Black address to the Boards of Governors
Audio File
Event
94
Description

Sept. 23, 1957
President Black notes how nearly half of the Bank's country member capital contributions has been made by countries other than the U.S. (36I).

Image
President Black address to the Boards of Governors
Title
President Black address to the Boards of Governors
Audio File
Event
94
Title
Correspondence from James Coggeshall, Jr. to President Black
Image
Correspondence from James Coggeshall, Jr. to President Black
Description
June 16, 1959
The letter from the First Boston Corporation president reports on his meetings with potential underwriters for future issues of dollar bonds in Europe (1052153)
Event
94
Title
Memo from Leonard B. Rist to President Black
Image
Memo from Leonard B. Rist to President Black
Description
March 11, 1959
Mr. Rist surveys the possible markets for World Bank dollar bond issues in Europe and elsewhere (1052153).
Event
94
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