Date
Timeline Description

The report describes the post-war economic state of Iceland by looking at the effects the Second World War had on the country as well as its economic future.

Detail Description

Published amidst a flurry of loan approvals to Iceland, the World Bank's Economic Department report looks at the post-war economic position of the country. The report finds that Iceland ended the war with large foreign exchange reserves and with a favorable export market. Iceland initiated one of Europe's largest post-war development programs which was used to strengthen the economy but was, the report argues, poorly planned and brought hardships through monetary inflation and shortages of consumer goods. The report concludes by looking to the future and confirms that Iceland is suitable for financial assistance funded by both the World Bank and the European Recovery Program.

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Memo from A. S. G. Hoar to L. Rist (1665197).
Image Timeline Caption

Memo from A. S. G. Hoar to L. Rist (1665197).

Resource
Title
The Economic Position of Iceland
Image
The Economic Position of Iceland
Description
Document date: April 12, 1951
The report contains a general examination of the Icelandic economy.
Event
77
Title
Memo from A. S. G. Hoar to L. Rist
Image
Memo from A. S. G. Hoar to L. Rist
Description
Feb. 15, 1951
Mr. Hoar shared his feelings on Harrison Clark's technical mission to Iceland and his forthcoming mission report (1665197).
Event
77
Title
Correspondence from Benjamin Eiriksson to Harrison Clark
Image
Correspondence from Benjamin Eiriksson to Harrison Clark
Description
July 25, 1951
Mr. Eiriksson of the Iceland Ministry of Commerce comments on the Iceland report (1665197).
Event
77
Title
Correspondence from Harrison Clark to Leonard Rist
Image
Correspondence from Harrison Clark to Leonard Rist
Description
Feb. 8, 1951
Mission team member Harrison Clark provides a preliminary technical mission report (1665197).
Event
77
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