Date
Timeline Description

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.

Detail Description

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.

Image Timeline
Correspondence from Gunnar Myrdal, Executive Secretary of the Economic Commission for Europe, to President McCloy (1618886).
Image Timeline Caption

Correspondence from Gunnar Myrdal, Executive Secretary of the Economic Commission for Europe, to President McCloy (1618886).

Resource
Title
Agriculture Timber Equipment Project
Description
P009133: Approved Oct. 17, 1949
The profile contains project and financial information and lists of project documents and archival records.
Image
Agriculture Timber Equipment Project
Event
48
Title
Memo from R. F. Skillings to Dr. William G. Welk
Image
Memo from R. F. Skillings to Dr. William G. Welk
Description
May 28, 1948
Mr. Skillings provides the background for the European timber loan including the list of credit requirements from the countries concerned (1618885).
Event
48
Title
Correspondence from Gunnar Myrdal to President McCloy
Image
Correspondence from Gunnar Myrdal to President McCloy
Description
July 3, 1948
Gunnar Myrdal, Executive Secretary of the Economic Commission for Europe, briefs President McCloy on the Timber Committee's session and its final report (1618886).
Event
48
Title
Memo from William G. Welk to W. A. B. Iliff
Image
Memo from William G. Welk to W. A. B. Iliff
Description
July 13, 1948
In this memorandum Mr. Welk provides the main arguments in favor of the timber loan to Yugoslavia (1618886).
Event
48
Image
Loan signing for Yugoslavia Timber Equipment Project
Title
Loan signing for Yugoslavia Timber Equipment Project
Description
1949
World Bank President Black with Yugoslavian delegates at loan signing (1729726; Credit: The World Bank).
Event
48
Title
International Bank Notes, Vol. 3, No. 21
Image
International Bank Notes, Vol. 3, No. 21
Description
Document date: Nov. 1, 1949
An article on the timber projects titled "Bank grants loans to Finland and Yugoslavia" is on pages 1 and 3.
Event
48
Title
Transcript of the 195th Regular Meeting of the IBRD Executive Directors
Image
Transcript of the 195th Regular Meeting of the IBRD Executive Directors
Description
Document date: Oct. 13, 1949
Board discussion on the timber loans is available on pages 2199-2212.
Event
48
Title
Interview with Eugene Black
Image
Interview with Eugene Black
Description
Interview date: August 6, 1961
On pages 18-19 and 29 of the transcript, Black discusses the Bank's loans to Yugoslavia.
Event
48
Title
Interview with Hugh Ripman
Image
Interview with Hugh Ripman
Description
Interview date: July 17 and 18, 1968
On pages 29-30 of the transcript, Ripman briefly discusses the loans to Yugoslavia.
Event
48
Title
Interview with Martin Rosen
Image
Interview with Martin Rosen
Description
Interview date: July 12, 1961
On pages 41-69 of  the transcript, Rosen provides the history of the Bank's loans to Yugoslavia.
Event
48
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