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Announcement of the Third Annual Report of the International Bank for Reconstruction and Development Presented on September 29, 1948 (anglais)

This press release points out that the Bank embarked on several new types of financing operations during the past year. It authorized the granting of its first credits for development purposes, in two loans to Chile. The year also witnessed the Bank's first loans to private enterprises and its first use of its guarantee powers, in loans to four leading Dutch shipping companies secured by mortgages on ships, with the subsequent sale to a group...
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