The loan will provide foreign exchange to enable Norway to pay for ships ordered in foreign shipyards.
The Norwegian economy is passing through a period of adjustment and the government is taking steps to adapt the economy to the new circumstances. The Import of Capital Equipment Project will assist in financing a program to maintain productive investment. Specifically, the loan will provide foreign exchange to enable Norway to pay for ships ordered in foreign shipyards.
The profile contains project and financial information and lists of project documents and archival records.
The memo provides preliminary details of a proposed second Bank loan to Norway and a simultaneous public offering of Norwegian government bonds in the US market (1705801).
The memo contains details of the proposed second loan to Norway including background, disbursement procedure, and information on a related dispute with French bondholders (1705801).
President Black and Vice President Garmer sign loan agreement documents with Norwegian delegates (1726694; Credit: New York Herald Tribune).
The report reviews the economic position and prospects of Norway.
The report describes and appraises the proposed loan and recommends that it be granted.