Date
Timeline Description

The loan of $15 million to the Netherlands will enable the Herstelbank to maintain its lending to Dutch industry.

Detail Description

The Herstelbank, a development corporation owned jointly by the government of the Netherlands and private investors, was founded in 1945 to provide capital for the reconstruction and development of industry, transport and commerce. This loan will provide additional capital to the Herstelbank to help meet commitments arising out of its lending program. Disbursements from the loan account are related to the Herstelbank's financial needs as a whole rather than related to particular credit operations or specific imports made by the Herstelbank’s borrowers.

Image Timeline
Memo from A. Stevenson to files on meeting to discuss Herstelbank proposal (1698028).
Image Timeline Caption

Memo from A. Stevenson to files on meeting to discuss Herstelbank proposal (1698028).

Resource
Title
Industry Project
Description
P037459: Approved May 14, 1957
The profile contains project and financial information and lists of project documents and archival records.
Image
Industry Project
Event
33
Title
Memo from A. Stevenson to files
Image
Memo from A. Stevenson to files
Description
Jan. 30, 1957
This memo contains information on the meeting between Bank President Black and Herstelbank representatives to discuss Herstelbank's proposal to borrow $15 million from the World Bank (1698028).
Event
33
Title
Wire from Herstelbank to World Bank
Image
Wire from Herstelbank to World Bank
Description
May 8, 1957
Herstelbank informs the World Bank that its Managing Directors authorize Dr. L. R. W. Soutendijk, Financial Counselor to the Netherlands Embassy, on behalf of the Hersterlbank to negotiate a loan on behalf of the Hersterlbank (1698028).
Event
33
Image
Signing of the Industry Project
Title
Signing of the Industry Project
Description
1957
Signing of agreement documents by Bank and Dutch officials (1715986; Credit: The World Bank).
Event
33
Title
Second Industry Project: Appraisal Report
Image
Second Industry Project: Appraisal Report
Description
Document date: May 6, 1957
The report describes the operations and financial situation of the Herstelbank and appraises its suitability as a borrower from the World Bank.
Event
33
Learn More
On
Timeline
Search text