Date
Timeline Description

The $195 million Post-War Reconstruction loan will finance the purchase and importation of equipment and materials for the restoration and expansion of productive facilities.

Detail Description

The post-war reconstruction funding finances part of the foreign exchange requirements of the Netherlands’ Reconstruction Program, not any specific reconstruction projects. Roughly one third will be spent on machinery and equipment, one fifth on the acquisition and repair of surplus US merchant tonnage, and one seventh apiece on rolling mill products and feeding grains and cakes. With over 13% of the Netherlands' total net foreign resources for 1947-48 coming from the loan, it forms an important tool for the Netherlands to rebuild her shattered economy.

Image Timeline
A train that was largely built from Bank-financed materials (1726270; Credit: The World Bank).
Image Timeline Caption

A train that was largely built from Bank-financed materials (1726270; Credit: The World Bank).

Resource
Title
Post-War Reconstruction Project
Description
P037452: Approved Aug. 7, 1947
The profile contains project and financial information and lists of project documents and archival records.
Image
Post-War Reconstruction Project
Event
2
Description

Sept. 29, 1959
President Black commends the Netherlands for retiring their loans ten years ahead of schedule (101I).

Image
President Black address to the Boards of Governors
Title
President Black address to the Boards of Governors
Audio File
Event
2
Image
Bridge under construction
Title
Bridge under construction
Description
1949
Steel used in this highway bridge located on the road between Rotterdam and Moerdijk was among the materials financed by the Bank (1726270; Credit: The World Bank).
Event
2
Image
Newly built train arrives at station
Title
Newly built train arrives at station
Description
1949
The train was largely built from Bank-financed materials (1726270; Credit: The World Bank).
Event
2
Title
Correspondence from J. H. van Maarseveen to the World Bank
Image
Correspondence from J. H. van Maarseveen to the World Bank
Description

Aug. 22, 1947
Minister of Justice J.H. van Maarseveen sends a copy of the Netherlands' Law No. H312 that ratifies the loan agreement between the Bank and the Netherlands (1698012).

Event
2
Title
Analysis of the Netherlands' loan application
Image
Analysis of the Netherlands' loan application
Description

April 10, 1947
The World Bank's Loan Department performs a brief analysis of the loan application submitted to the Bank by the Netherlands (1697987).

Event
2
Title
Working Party meeting minutes
Image
Working Party meeting minutes
Description

Feb. 14, 1947
World Bank staff meets to discuss progress made regarding Netherlands' intention to apply for a loan (1697987).

Event
2
Title
Loan Administration Report on Early Dutch Loans
Image
Loan Administration Report on Early Dutch Loans
Description
Document date: Dec. 20, 1950
The report examines the loans' disbursement, end use, and service.  It considers the Netherlands economic position, prospects, challenges, and relationship with the Bank.   
Event
2
Title
Transcript of the 101st Meeting of Executive Directors
Image
Transcript of the 101st Meeting of Executive Directors
Description
Document date: Aug. 7, 1947
Document contains Board discussion concerning the Netherlands loan application.
Event
2
Title
Administration of Post-War Reconstruction Loan and Its Effect on the Economy of the Netherlands
Image
Administration of Post-War Reconstruction Loan and Its Effect on the Economy of the Netherlands
Description
Document date: Sept. 2, 1948
The report examines the loan's administration, utilization, general effect on the economy, as well as the reconstruction program, generally. 
Event
2
Title
Interview with Pieter Lieftinck
Image
Interview with Pieter Lieftinck
Description
Interview date: Feb. 5. 1987
On pages 3-6 of the transcript, Lieftinck discusses the genesis of the loan to the Netherlands.
Event
2
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