The report, authored by the Bank's Research Department, focused much of its attention on the country's Four-Year Plan of Economic Reconstruction (1946-1949).
The Polish Four-Year Plan of Economic Reconstruction (1946-1949) was formally adopted by a resolution of the Polish National Council on Sept. 21, 1946. The plan's objective was to restore the country's economy following the damages imposed on it by World War II. The plan emphasizes an expansion of agricultural and industrial production and unification of the economies of the new and old Polish territories. The rationale was that by increasing material goods for the Polish people, the standard of living will increase as well. As part of the Bank's consideration of the Polish government's initial loan application, the Bank's Research Department authored a ten-part series of preliminary papers entitled "Working Party on the Polish Loan Application" that focused much of its attention on the country's four-year plan.
These ten volumes comprise the outcome of the Poland loan working party and includes an appraisal of the economy, prospects for a loan, and repayment possibilities.
April 2, 1947
The memo describes Poland's loan application and discusses its four-year development plan (1734475).
On pages 26-29 of the transcript, Black explains why the loan to Poland never occured.
On pages 29-31 of the transcript, Crena de Iongh recalls Poland's request for a loan.
On pages 15-18 of the transcript, Garner outlines the process for considering a loan to Poland.
On pages 18-20 of the transcript, Machado recalls Poland's request for a loan.
On pages 76-78 of the transcript, Mendels recalls the impact of the Marshall Plan on Poland's request for a loan.