The agricultural sector loan will finance some of the imported goods required for Iceland’s agricultural development plan.
The Agricultural Project in Iceland will finance some of the imported goods required for Iceland’s agricultural development plan. The main objectives of the program are to overcome the consequences of nearly 20 years of devastating sheep diseases and to enable farmers to develop and exploit the country's agricultural resourcees. The program envisages an extension of the cultivated area to: permit the further mechanization of hay making; expand sheep flocks; and support a moderate increase in the number of cattle. This involves the drainage, ploughing, reseeding and fencing of natural grasslands, and the construction of farm buildings to store winter feed, shelter animals, and provide better dwellings for farmers and their families.
The profile contains project and financial information and lists of project documents and archival records.
Mr. Hoar advises that in light of positive mission reports the Bank is prepared to negotiate loans for agricultural development and a radio transmitter building (1361746).
Aug. 18, 1953
Report provides background information on proposed loans to Iceland and the status of negotiations (1361746).
The document provides a summary of Iceland's 10-year agricultural development program (1361746).
Farmer making hay with new modern equipment (1722317; Credit: The World Bank).
Increased production of lamb, mutton, and wool were among the chief objectives of Iceland’s agricultural program (1722317; Credit: The World Bank).
The report describes the loans, appraises them, ensures compliance with the Bank's Articles of Agreement, and recommends that the loans be granted.
The report reappraises the 1953 and 1954 programs for the development of agriculture in Iceland.