The lending program for the development of southern Italy begins with this loan to the Cassa per il Mezzigiorno and focuses on agriculture.
The Cassa per Opere Straordinarie di Pubblico Interesse nell’Italia Meridionale is established to implement the Government’s 10-year plan for the development of southern Italy, including Sicily and Sardinia. The $10 million loan to the Cassa Plan involves the execution of a very large public works program, principally consisting of land reclamation and irrigation projects. Three-fourths of the loan will be used in agriculture, mainly for irrigation, drainage, and clearance of land. As a result, the area under irrigation in southern Italy will increase tenfold. Additional investment in public utilities, such as aqueducts, roads, and tourist facilities make up the remaining 25%.
The profile contains project and financial information and lists of project documents and archival records.
Sept. 30, 1959
The Italian Governor speaks about the many ways the Bank has benefited his country (110I).
The Italian government notifies the Bank that the Director General of the Banca d'Italia, Dottor Donato Menichella, is appointed to negotiate regarding the proposed loan (1854076).
The report summarizes the highlights of the Bank's mission to Italy from April 13 to June 6, 1948. As recommended by the mission team, Italy submits more projects as consideration for basis of a loan (1854076).
The document reports on the status of negotiations and considerations by the Bank to send its representatives to Italy for consultations with the governement (1854076).
One of the sites included in Italy's development project (1724400; Credit: The World Bank).
A southern Italian town which will benefit from a road program that will provide substantial employment in critical areas (1724400; Credit: The World Bank).
Operation of equipment for the development project in Italy (1724400; Credit: The World Bank).
The report summarizes progress on the Cassa Plan in Italy from Nov. 1950 to Sept. 1953 and gives an appraisal of the 1953 situation.
The report examines the proposed project, notes the financial requirements, and touches on bidding processes, private investment funds for agriculture, and Cassa organization.
The transcript contains the Executive Directors' discussions concerning the loan to Italy.
On pages 34-36 of the transcript, Broches discusses the evolution of expenditure loans beginning with Italy.
On pages 22-23 of the transcript, Larsen discusses the uniqueness of the lending policy for Italy.
On pages 54-58 of the transcript, Rist discusses the uniqueness of the lending policy for the loans to Italy.
On pages 11-17 of the transcript, Rosenstein-Rodan provides the background for the loans to Italy.
On pages 22-24 of the transcript, Stevenson discusses the non-project aspect of the loans to Italy.