Date
Timeline Description

The $75 million loan will finance industrial and power projects in the region.

Detail Description

The Cassa program has been a notable factor in improving economic conditions in the south of Italy. The additional $75 million will support the new impetus towards industrialization. $29.4 million will be re-lent by Cassa for six industrial projects (potash, electroplate tinplate, refrigerator production, and a clothing factory). $29.2 million is for two power companies to finance a thermal plant and hydroelectric storage project. The remainder, $16.4 million, will be spent on projects that will bring an additional 270,000 acres under irrigation.

Image Timeline
Correspondence from Vice President Burke Knapp to Gabriel Pescatore (1854151).
Image Timeline Caption

Correspondence from Vice President Burke Knapp to Gabriel Pescatore (1854151).

Resource
Title
Power Agriculture and Industry Project
Description
P037417: Approved Feb. 26, 1958
The profile contains project and financial information and lists of project documents and archival records.
Image
Power Agriculture and Industry Project
Event
35
Title
Correspondence from Ambassador Manlio Brosio to President Black
Image
Correspondence from Ambassador Manlio Brosio to President Black
Description
March 28, 1956
Italian Ambassador Manlio Brosio requests that the Bank send a mission to Italy to study issues related to the implementation of agrarian reform in the country (1854151).
Event
35
Title
Correspondence from Burke Knapp to Gabriel Pescatore
Image
Correspondence from Burke Knapp to Gabriel Pescatore
Description
May 15, 1957
Vice President Knapp informs the President of Cassa per il Mezzogiorno Professor Gabriel Pescatore that the Bank is ready to commence work on a loan which will complete the series of loans to the Cassa (1854151).
Event
35
Title
Terms of Reference for Italy mission
Image
Terms of Reference for Italy mission
Description
Sept. 19, 1957
The term of reference outlines the tasks for the Bank's appraisal mission to Italy to appraise projects in the agricultural sector, which are under consideration for the Bank's next loan to the Cassa per il Mezzogiorno (1854151).
Event
35
Title
Cassa Per Il Mezzogiorno and the Economic Development of Southern Italy
Image
Cassa Per Il Mezzogiorno and the Economic Development of Southern Italy
Description
Document date: Feb. 18, 1958
The report reviews the economy of southern Italy and the involvement of Cassa per il Mezzogiorno.
Event
35
Title
Fifth Southern Italy Development Project: Appraisal Report
Image
Fifth Southern Italy Development Project: Appraisal Report
Description
Document date: Feb. 19, 1958
The report describes and appraises the six industrial, two irrigation, and two power projects for Italy.
Event
35
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