Date
Timeline Description

The Waterway Improvement Project will finance modernization of a section of the Charleroi-Clabecq canal, linking Belgium's coal and steel industries to the sea.

Detail Description

An efficient system of inland waterway transportation is of great importance to the economy of Belgium. This is particularly the case where the country's heavy industries are concerned. This loan will help to finance the modernization of the Charleroi-Clabecq canal, linking the coal and steel industries in southern Belgium with Brussels and Antwerp. This loan will be applied to financing for the section from Seneffe to Clabecq which will enable modern barges to go all the way from Charleroi to the sea.

Image Timeline
Memo from M. L. Lejeune to W. A. B. Iliff concerning the timing of the Belgian joint loan operation (1535623).
Image Timeline Caption

Memo from M. L. Lejeune to W. A. B. Iliff concerning the timing of the Belgian joint loan operation (1535623).

Resource
Title
Waterway Improvement Project
Description
P037361: Approved Sept. 6, 1957
The profile contains project and financial information and lists of project documents and archival records.
Image
Waterway Improvement Project
Event
47
Title
Correspondence from S. R. Cope to M. Thomas Basyn
Image
Correspondence from S. R. Cope to M. Thomas Basyn
Description
May 12, 1957
Mr. Cope informs Mr. Basyn of the Banque Nationale de Belgique about the results of the meeting with Morgan Stanley & Co. in regard to the joint operation (1535623).
Event
47
Title
Memo from M. L. Lejeune to W. A. B. Iliff
Image
Memo from M. L. Lejeune to W. A. B. Iliff
Description
July 24, 1957
Mr. Lejeune writes concerning the preliminary timing of the Belgian joint loan operation (1535623).
Event
47
Title
Press release -- $10 million loan to Belgium with $30 million issue of bonds
Image
Press release -- $10 million loan to Belgium with $30 million issue of bonds
Description
Sept. 11, 1957
Press release announces that Belgium is borrowing $40 million in the United States in a simultaneous transaction with the investment market and the World Bank.
Event
47
Image
Loan signing for Belgian Transport Project
Title
Loan signing for Belgian Transport Project
Description
1957
World Bank President Black and Belgian delegates sign loan documents (1716480; Credit: The World Bank).
Event
47
Title
Charleroi-Clabecq Canal Project: Appraisal Report
Image
Charleroi-Clabecq Canal Project: Appraisal Report
Description
Document date: Aug. 23, 1957
The report appraises the proposed project, looks at the Austrian power industry, and provides justification for the project.
Event
47
Title
Interview with Eugene Black
Image
Interview with Eugene Black
Description
Interview date: August 6, 1961
On pages 18-19 and 30 of the transcript, Black discusses the Bank's loans to Yugoslavia.
Event
47
Title
Interview with Hugh Ripman
Image
Interview with Hugh Ripman
Description
Interview date: July 17 and 18, 1961
On pages 29-30 of the transcript, Ripman briefly discusses the loans to Yugoslavia.
Event
47
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
47
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