Date
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While the Bank had approved only a single loan to France, it continues to keep tabs on the country's economic development.

Detail Description

In 1947, France received the first and, as of 1954, the largest loan ever approved by the Bank. Prior to the publication of this comprehensive report, the Bank published a short analysis titled "The Creditworthiness of France" which argued that the lack of effective governance was an obstacle to regaining economic and financial stability. The current report, published by the Bank's Department of Operations in Europe, Africa and Australasia, reiterated this point, concluding that the only way for France to fix their economic issues was by addressing their political and social issues. A third Bank report on France's economy, released in 1959, again emphasized the role of the country's government in the performance of its economy.

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Detail from France - The Economy.
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Detail from France - The Economy.

Resource
Title
France - The Economy
Image
France - The Economy
Description
Document date: May 24, 1954
The report discusses the economic positions and prospects of France as of 1954
Event
86
Title
Staff Loan Committee meeting minutes
Image
Staff Loan Committee meeting minutes
Description
Dec. 18, 1953
The minutes indicate that the Staff Loan Committee approved the Economy of France report (30043604).
Event
86
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