Date
Timeline Description

The second loan to Yugoslavia is distributed across several sectors to improve its production and balance of payments.

Detail Description

The seven projects selected for this loan are ones that will increase Yugoslav production and improve its balance of payments position promptly and substantially. The proceeds of the loan will finance the acquisition of imported equipment for seven specific projects: the extension of the electric power system; the modernization of coal mining; the production of non-ferrous metals; the expansion of industrial facilities; the use of forest products; the improvement of agriculture and fisheries; and the modernization of transportation. Due to the pattern of Yugoslavia’s foreign trade, the loan will be repayable entirely in currencies other than dollars.

Image Timeline
Workers assembling the field coils of a generator in the assemblage hall of the plant in Zagreb (1729727; Credit: United Nations).
Image Timeline Caption

Workers assembling the field coils of a generator in the assemblage hall of the plant in Zagreb (1729727; Credit: United Nations).

Resource
Title
Power Mining Industry Project
Description
P009134: Approved Oct. 11, 1951
The profile contains project and financial information and lists of project documents and archival records.
Image
Power Mining Industry Project
Event
49
Title
Correspondence from the Embassy of Yugoslavia to the World Bank
Image
Correspondence from the Embassy of Yugoslavia to the World Bank
Description
July 11, 1949
Milenko Filipovic, Minister Counselor, invites the World Bank to send a mission to Yugoslavia in connection with the proposed loan (1618966).
Event
49
Title
Correspondence from Sava Kosanovic to President McCloy
Image
Correspondence from Sava Kosanovic to President McCloy
Description
Apr. 4, 1949
Sava N. Kocanovich, Ambassador of Yugoslavia, provides President McCloy with information on the projects for which his government plans to utilize the requested loan (1618966).
Event
49
Title
Press release -- $28 million loan to Yugoslavia
Image
Press release -- $28 million loan to Yugoslavia
Description
Oct. 11, 1951
The World Bank announces a $28 million loan to Yugoslavia to provide equipment for productive undertakings in seven fields (1618972).
Event
49
Image
Rade Koncar electrical machinery plant
Title
Rade Koncar electrical machinery plant
Description
1955
Workers assembling the field coils of a generator in the assemblage hall of the plant in Zagreb (1729727; Credit: United Nations).
Event
49
Image
Work station in the Rade Koncar electrical machinery plant
Title
Work station in the Rade Koncar electrical machinery plant
Description
1955
Work in progress at the plant in Zagreb (1729727; Credit: United Nations).
Event
49
Title
First Loan Administration Report
Image
First Loan Administration Report
Description
Document date: Jan. 29, 1953
The report examines the loan's disbursement, end use, and service as well as the Bank's relations with Yugoslavia.
Event
49
Title
Import Products Project: Second Administration Report
Image
Import Products Project: Second Administration Report
Description
Document date: May 24, 1955
The report examines the loans' disbursement, end use, and service as well as the Bank's relations with Yugoslavia.
Event
49
Title
Technical Report on Yugoslav Projects
Image
Technical Report on Yugoslav Projects
Description
Document date: Sept. 25, 1951
The technical report summarizes and analyzes the seven projects for Yugoslavia.
Event
49
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
49
Title
Interview with Sydney Cope
Image
Interview with Sydney Cope
Description
Interview date: August 9, 1961
On page 50 of the transcript, Cope briefly discusses the currency angle of the loan to Yugoslavia.
Event
49
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
49
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
49
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