The loan to the Herstelbank will finance currency requirements of construction and industrial modernization projects.
The Industrial Loan to the Herstelbank, a semi-public Netherlands corporation, will be guaranteed by the Netherlands government. The loan will finance the hard currency requirements of 24 projects for the construction or modernization of ceramic, chemical, pharmaceutical, electrical, paper, textile, and engineering plants owned by Dutch private manufacturing companies. Since the Netherlands has run a sizeable trade deficit with Belgium since the war, the new production will facilitate the establishment of the Benelux Economic Union.
The profile contains project and financial information and lists of project documents and archival records.
The letter accompanies a copy of the Dutch law that ratifies the loan agreement with the World Bank (1698012)
The Staff Loan Committee discusses the arguments against and in favor of further Bank loans to the Netherlands (1698012).
The paper summarizes events affecting the Herstelbank loan application and recommends a detailed study of the Netherlands balance of payments prospects (1698012).
The Benzene Plant is located at Staatamijnen at Book in the Netherlands (1726283; Credit: The World Bank).
The Naphta-making process in the Maurits Coke Plant at Beek in the Netherlands (1726283; Credit: The World Bank).
The report describes the loan, appraises it, ensures that it is in compliance with the Bank's Articles of Agreement, and recommends that the loan be granted.
The report examines the loans' disbursement, end use, and service. It considers the Netherlands economic position, prospects, challenges, and relationship with the Bank.