Date
Timeline Description

The second loan to the Oesterreichische Investitionskredit A. G. (IVK) will finance various industrial projects as chosen by IVK and approved by the Bank.

Detail Description

The Second Industrial Credit Project for Austria provides funds to the Oesterreichische Investitionskredit A. G. (IVK) to finance industrial projects approved by the World Bank. This loan differs from the first loan to IVK in that, after initial evaluation and selection, IVK submits applications for individual loans to the Bank for final approval, and each project bears interest at the Bank's current rate at the time the project is approved.

Image Timeline
Rubber boot production (1716009; Credit: The World Bank); correspondence from Oesterreichische Investitionskredit, A.G. to World Bank (1516865).
Image Timeline Caption

Rubber boot production (1716009; Credit: The World Bank); correspondence from Oesterreichische Investitionskredit, A.G. to World Bank (1516865).

Resource
Title
Industrial Financing Project
Description
P037356: Approved Sept. 24, 1959
The profile contains project and financial information and lists of project documents and archival records.
Image
Industrial Financing Project
Event
43
Description

April 18, 1957
President Black discusses his meeting with the Austrian Finance Minister related to the industrial finance project (85I).

Image
Press conference with President Black
Title
Press conference with President Black
Audio File
Event
43
Title
Back-to-office report regarding a proposed second loan to Austria
Image
Back-to-office report regarding a proposed second loan to Austria
Description
July 9, 1959
The report discusses further lending to the Oesterreichische Investitionskredit, A. G., concluding by recommending a second loan in the amount of $9 million to finance industrial projects (1516865).
Event
43
Title
Correspondence from the Ambassador Platzer to Raymond Cope
Image
Correspondence from the Ambassador Platzer to Raymond Cope
Description
May 28, 1959
Austrian Ambassador Wilfried Platzer thanks the World Bank for promptly organizing a requested mission to Austria (1516865).
Event
43
Title
Correspondence from Oesterreichische Investitionskredit, A.G. to World Bank
Image
Correspondence from Oesterreichische Investitionskredit, A.G. to World Bank
Description
Aug. 25, 1959
Investitionskredit A. G. informs the Bank of their preliminary approval of the draft loan agreement (1516865).
Event
43
Image
Rollers in paper mill
Title
Rollers in paper mill
Description
1961
Large paper rollers in the Nettingsdorfer paper mill in Austria (1716009; Credit: The World Bank).
Event
43
Image
Rubber boot production
Title
Rubber boot production
Description
1961
A finishing process in the manufacture of rubber boots in the Semperit rubber factory in Wimpassing, Austria (1716009; Credit: The World Bank).
Event
43
Title
Second Industrial Credit Project: Appraisal Report
Image
Second Industrial Credit Project: Appraisal Report
Description
Document date: Sept. 17, 1959
The report describes and appraises the project.
Event
43
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