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.
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.
The profile contains project and financial information and lists of project documents and archival records.
Sept. 29, 1959
President Black commends the Netherlands for retiring their loans ten years ahead of schedule (101I).
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).
The train was largely built from Bank-financed materials (1726270; Credit: The World Bank).
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).
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).
Feb. 14, 1947
World Bank staff meets to discuss progress made regarding Netherlands' intention to apply for a loan (1697987).
The report examines the loans' disbursement, end use, and service. It considers the Netherlands economic position, prospects, challenges, and relationship with the Bank.
Document contains Board discussion concerning the Netherlands loan application.
The report examines the loan's administration, utilization, general effect on the economy, as well as the reconstruction program, generally.
On pages 3-6 of the transcript, Lieftinck discusses the genesis of the loan to the Netherlands.