Date
Timeline Description

The agricultural sector loan will finance some of the imported goods required for Iceland’s agricultural development plan.

Detail Description

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.

Image Timeline
Sheepherding in Iceland's countryside (1722317; Credit: The World Bank).
Image Timeline Caption

Sheepherding in Iceland's countryside (1722317; Credit: The World Bank).

Resource
Title
Agricultural Development Project
Description
P037387: Approved Sept. 3, 1953
The profile contains project and financial information and lists of project documents and archival records.
Image
Agricultural Development Project
Event
18
Title
Correspondence from A. S. G. Hoar to Eysteinn Jonsson
Image
Correspondence from A. S. G. Hoar to Eysteinn Jonsson
Description
July 2, 1953
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).
Event
18
Title
Report on proposed loans to Iceland
Image
Report on proposed loans to Iceland
Description

Aug. 18, 1953
Report provides background information on proposed loans to Iceland and the status of negotiations (1361746).

Event
18
Title
Statement on Second Agricultural Loan to Iceland
Image
Statement on Second Agricultural Loan to Iceland
Description
Aug. 28, 1953
The document provides a summary of Iceland's 10-year agricultural development program (1361746).
Event
18
Image
Haymaking with modern machinery
Title
Haymaking with modern machinery
Description
1954
Farmer making hay with new modern equipment (1722317; Credit: The World Bank).
Event
18
Image
Sheepherding in Iceland's countryside
Title
Sheepherding in Iceland's countryside
Description
1955
Increased production of lamb, mutton, and wool were among the chief objectives of Iceland’s agricultural program (1722317; Credit: The World Bank).
Event
18
Title
Agriculture and Telecommunications Projects: President's Report
Image
Agriculture and Telecommunications Projects: President's Report
Description
Document date: Aug. 26, 1953
The report describes the loans, appraises them, ensures compliance with the Bank's Articles of Agreement, and recommends that the loans be granted.
Event
18
Title
Second Agricultural Project: Reappraisal
Image
Second Agricultural Project: Reappraisal
Description
Document date: June 12, 1953
The report reappraises the 1953 and 1954 programs for the development of agriculture in Iceland.
Event
18
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