Date
Timeline Description

The second general loan to Yugoslavia (third overall) supports twenty-seven projects spread across seven economic sectors.

Detail Description

The second general loan to Yugoslavia will assist twenty-seven different projects spread across seven sectors of the Yugoslav economy: electric power generation and distribution; coal mining; extraction and processing of nonferrous metals; iron and steel production; manufacturing industries; forestry; and transportation. All are expected to bring early improvements to the Yugoslav balance of payments. As with the earlier loan, it will be disbursed and repayable entirely in European currencies.

Image Timeline
Press release announcing the $30 million loan to Yugoslavia (1618985).
Image Timeline Caption

Press release announcing the $30 million loan to Yugoslavia (1618985).

Resource
Title
Power Mining Industry Project
Description
P009135: Approved Feb. 11, 1953
The profile contains project and financial information and lists of project documents and archival records.
Image
Power Mining Industry Project
Event
50
Title
Memo from S. P. Wheelock to W. J. Armstrong
Image
Memo from S. P. Wheelock to W. J. Armstrong
Description
May 7, 1954
Mr. Armstrong relays his plans to visit Yugoslavia to study the proposed usage of some of the reserve funds from loan 73 and to inspect several projects (1618985).
Event
50
Title
Memo from M. M. Rosen to Walter J. Armstrong
Image
Memo from M. M. Rosen to Walter J. Armstrong
Description
May 19, 1954
The World Bank agrees to help the Videm-Krsko Newsprint Plant arrange a visit by plant engineers to modern newsprint mills in Canada (1618985).
Event
50
Title
Press release -- $30 million loan to Yugoslavia
Image
Press release -- $30 million loan to Yugoslavia
Description
Feb. 12, 1953
The World Bank announces a loan to Yugoslavia to finance the completion of key projects in seven major sectors of the Yugoslav economy (1618985).
Event
50
Image
Coal mine workers
Title
Coal mine workers
Description
1956
The Banovici Brown coal mine at Banovici, Bosnia-Herzegovina in Yugoslavia (1729728; Credit: The World Bank).
Event
50
Image
Zenica Iron and Steel Works
Title
Zenica Iron and Steel Works
Description
1955
Halil Sehic, foreman of a coke battery at the steel works (1729728; Credit: The World Bank).
Event
50
Title
Import Products Project: Second Administration Report
Image
Import Products Project: Second Administration Report
Description
Document date: May 24, 1955
The report examines the loans' disbursement, end use, and service as well as the Bank's relations with Yugoslavia.
Event
50
Title
Second Reconstruction Project: Appraisal Report
Image
Second Reconstruction Project: Appraisal Report
Description
Document date: Feb. 5, 1953
The report appraises the proposed project, looks at the Yugoslavian power industry, and provides justification for the project.
Event
50
Title
Interview with Eugene Black
Image
Interview with Eugene Black
Description
Interview date: August 6, 1961
On pages 18-19 and 29 of the transcript, Black discusses the Bank's loans to Yugoslavia.
Event
50
Title
Interview with Sydney Cope
Image
Interview with Sydney Cope
Description
Interview date: August 9, 1961
On page 7 of the transcript, Cope recounts that the loans to Yugoslavia were not paid in US dollars.
Event
50
Title
Interview with Hugh Ripman
Image
Interview with Hugh Ripman
Description
Interview date: July 17 and 18, 1968
On pages 29-30 of the transcript, Ripman briefly discusses the loans to Yugoslavia.
Event
50
Title
Interview with Martin Rosen
Image
Interview with Martin Rosen
Description
Interview date: July 12, 1961
On pages 41-69 of  the transcript, Rosen provides the history of the Bank's loans to Yugoslavia.
Event
50
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