The second loan to Yugoslavia is distributed across several sectors to improve its production and balance of payments.
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.
The profile contains project and financial information and lists of project documents and archival records.
Milenko Filipovic, Minister Counselor, invites the World Bank to send a mission to Yugoslavia in connection with the proposed loan (1618966).
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).
The World Bank announces a $28 million loan to Yugoslavia to provide equipment for productive undertakings in seven fields (1618972).
Workers assembling the field coils of a generator in the assemblage hall of the plant in Zagreb (1729727; Credit: United Nations).
Work in progress at the plant in Zagreb (1729727; Credit: United Nations).
The report examines the loan's disbursement, end use, and service as well as the Bank's relations with Yugoslavia.
The report examines the loans' disbursement, end use, and service as well as the Bank's relations with Yugoslavia.
The technical report summarizes and analyzes the seven projects for Yugoslavia.
On pages 18-19 and 29 of the transcript, Black discusses the Bank's loans to Yugoslavia.
On page 50 of the transcript, Cope briefly discusses the currency angle of the loan to Yugoslavia.
On pages 29-30 of the transcript, Ripman briefly discusses the loans to Yugoslavia.
On pages 41-69 of the transcript, Rosen provides the history of the Bank's loans to Yugoslavia.