The timber production equipment loan is part of a Europe-wide cooperative project to increase production by European timber exporting countries and augment timber supplies in importing countries.
Yugoslavia seeks to increase their annual production and exports of timber through updated machinery. The timber loan is part of a Europe-wide cooperative project of the Bank, the Economic Commission for Europe, and the Food and Agriculture Organization (FAO). It is designed to increase the production of sawn soft-wood and pit props by the European timber exporting countries and augment the supplies of these products in importing countries.
The profile contains project and financial information and lists of project documents and archival records.
Mr. Skillings provides the background for the European timber loan including the list of credit requirements from the countries concerned (1618885).
Gunnar Myrdal, Executive Secretary of the Economic Commission for Europe, briefs President McCloy on the Timber Committee's session and its final report (1618886).
In this memorandum Mr. Welk provides the main arguments in favor of the timber loan to Yugoslavia (1618886).
World Bank President Black with Yugoslavian delegates at loan signing (1729726; Credit: The World Bank).
An article on the timber projects titled "Bank grants loans to Finland and Yugoslavia" is on pages 1 and 3.
Board discussion on the timber loans is available on pages 2199-2212.
On pages 18-19 and 29 of the transcript, Black discusses the Bank's loans to Yugoslavia.
On pages 29-30 of the transcript, Ripman briefly discusses the loans to Yugoslavia.
On pages 41-69 of the transcript, Rosen provides the history of the Bank's loans to Yugoslavia.