Date
Timeline Description

The second Cassa loan will continue supplying foreign exchange requirements in support of southern Italy's development.

Detail Description

The purpose of the second Cassa loan is to further assist the Cassa per il Mezzogiorno and the Republic of Italy in promoting the economic and social development of southern Italy by supplying part of the necessary foreign exchange requirements. The loan also makes available the lira equivalent of $l0 million to be used for a supplementary project or projects to contribute to the development of the south.

Image Timeline
One of the industrial sites being developed in southern Italy (1724401; Credit: The World Bank).
Image Timeline Caption

One of the industrial sites being developed in southern Italy (1724401; Credit: The World Bank).

Resource
Title
Second Cassa Per Il Mezzogiorno Project
Description
P037414: Approved Oct. 6, 1953
The profile contains project and financial information and lists of project documents and archival records.
Image
Second Cassa Per Il Mezzogiorno Project
Event
20
Title
Correspondence from President Black to Pietro Campilli
Image
Correspondence from President Black to Pietro Campilli
Description
Sept. 25, 1953
President Black assures Minister Campilli regarding the timing of the signing of the second ploan of $10 million dollars to the Cassa per il Mezzogiorno (1854087).
Event
20
Title
Memo from the Director of Operations
Image
Memo from the Director of Operations
Description
Sept. 23, 1953
The memo contains information on the proposed second loan to Italy, emphasizing the difference between the first and the proposed loan (1854087).
Event
20
Title
Statutory Loan Committee Report
Image
Statutory Loan Committee Report
Description
Oct. 1953
The Committee studies the proposal that the Bank grant a second loan to the Cassa per il Mezzogiorno to Italy and approves the plan to finance this loan (1854087).
Event
20
Image
Project site for General Development project
Title
Project site for General Development project
Description

c.1953
One of the industrial sites being developed in southern Italy (1724401; Credit: The World Bank).

Event
20
Image
Signing of the General Development project for Italy
Title
Signing of the General Development project for Italy
Description

c.1953
Vice President Garner and His Excellency the Ambassador of Italy sign the loan for the General Development project (1724401; Credit: The World Bank).

Event
20
Title
Cassa Per il Mezzogiorno Project: Summary and Appraisal of Activities until June 1953
Image
Cassa Per il Mezzogiorno Project: Summary and Appraisal of Activities until June 1953
Description
Document date: Sept. 28, 1953
The report summarizes progress on the Cassa Plan in Italy from Nov. 1950 to Sept. 1953 and gives an appraisal of the 1953 situation.
Event
20
Title
Minutes of the 62nd Special Meeting of the IBRD Executive Directors
Image
Minutes of the 62nd Special Meeting of the IBRD Executive Directors
Description
Document date: Oct. 6, 1953
The minutes of the Board meeting include the resolution granting the loan to the Cassa per il Mezzogiorno.
Event
20
Title
Interview with Sydney Cope
Image
Interview with Sydney Cope
Description
Interview date: August 9, 1961
On pages 16-23 of the transcript, Cope discusses the loan to Italy.
Event
20
Title
Interview with Davidson Sommers
Image
Interview with Davidson Sommers
Description
Interview date: August 2, 1961
On pages 36-37 of the transcript, Sommers discusses the loan to Italy.
Event
20
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