During fiscal year 1956-57, the Bank approved $99 million in loans to European countries.
As reported in the 1957 Annual Report, the total amount of Bank loans to Europe approved by the Bank in its eleven year history exceeds $1 billion. During fiscal year 1956-57, the Bank approved $99 million in loans to European countries, including $75 million for new projects as part of the southern Italy development program.
Sept. 29, 1959
President Black comments on the Bank's lending during the ten years from 1949 through 1959 (101I).
A breakdown of loans by region and sector is on page 16 and a review of European operations is on pages 37-39.