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World Bank Historical Chronology: 1960-1969
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 1960 | | 1960 | International events | Congo's independence crisis begins and the country descends into civil war and chaos. UN Peacekeeping force is sent to maintain order. British Prime Minister Harold Macmillan makes "wind of change" speech in South Africa, acknowledging the growth of African nationalism and the need to accommodate it. Sharpeville Massacre in South Africa occurs. Police kill anti-apartheid demonstrators organized by the Pan-Africanist Congress. Nigeria becomes independent. Ghana becomes a republic with Nkrumah as president, and the country gradually moves towards dictatorship.
| | 1960 | January 20 | "Three Wise Men" (Abs, Franks, and Sproul) begin visit to India and Pakistan to study economic conditions and planned development programs. | | 1960 | February 1 | Articles of Agreement of International Development Association (IDA) are ready for acceptance by prospective member governments. | | 1960 | March 17 | First funding for Mauritania: Loan 0249 - MIFERMA Iron Ore Project. | | 1960 | March 19 | "Three Wise Men" issue report in the form of a letter to Eugene Black. | | 1960 | March 24 | IFC Articles of Agreement signed by Spain, becoming the 59th member of IFC. | | 1960 | April 4 | Eugene Black offers the good services of the World Bank to mediate the dispute regarding the settlement of City of Tokyo Bonds of 1912. | | 1960 | April 29 | Eugene Black formally opens the Bank's new office at 4 Avenue d'Iena in Paris, then continues on to visit Israel, Sudan, Kenya, Federation of Rhodesia and Nyasaland, Nigeria, Ghana, Ivory Coast, Senegal, Mauritania, Morocco, and Tunisia. | | 1960 | May 27 | First funding for Kenya: Loan 0256 - African Agriculture Project. | | 1960 | June 1 | Appeal made to Bank staff to give donations for Chilean disaster relief. | | 1960 | July 17 | $15.5 million loan granted to Sudan for irrigation (first loan to "new" Africa). | | 1960 | September 9 | First funding for Israel: Loan 0265 - Port of Ashdod Project. | | 1960 | September 19 | Indus Waters Treaty is signed by Pakistan, India, and the World Bank in Karachi. Indus Basin Development Fund is created, with Pakistan, Australia, Canada, Germany, New Zealand, the United Kingdom, and the United States as contributors. The World Bank serves as administrator to the Fund. | | 1960 | September 24 | International Development Association (IDA) comes into being, with an initial subscription of $912.7 million. Original fifteen signatories include: Pakistan, Sweden, Australia, Vietnam, Norway, China, United States, Canada, Sudan, Malaysia, United Kingdom, Italy, India, Germany, and Thailand. | | 1960 | September 25 | IFC announces that a proposal to amend its charter (to permit equity investment) will be discussed informally during annual meeting of Governors. | | 1960 | September 26 | Annual Meetings open in Washington, D.C. | | 1960 | September 30 | Bank acts as an executing agency for UN Special Fund in study of transportation in Argentina. | | 1960 | October 4 | IDA Articles of Agreement signed by Jordan, becoming the 16th member of IDA. | | 1960 | October 5 | First meeting of Pakistan aid consortium is held. | | 1960 | October 10 | IDA Articles of Agreement signed by Iran, becoming the 17th member of IDA. | | 1960 | October 12 | IDA Articles of Agreement signed by South Africa, becoming the 18th member of IDA. | | 1960 | October 18 | IDA Articles of Agreement signed by Spain, becoming the 19th member of IDA. | | 1960 | October 21 | IFC Articles of Agreement signed by Sudan, becoming the 60th member of IFC. | | 1960 | October 26 | IDA Articles of Agreement signed by Egypt, becoming the 20th member of IDA. | | 1960 | October 26 | IDA Articles of Agreement signed by Yugoslavia, becoming the 21st member of IDA. | | 1960 | October 28 | IDA Articles of Agreement signed by Philippines, becoming the 22nd member of IDA. | | 1960 | November 14 | Cuba withdraws from membership in Bank and IFC (bringing the total number of IBRD members to 67 and IFC members to 59). | | 1960 | November 30 | IDA Articles of Agreement signed by Denmark, becoming the 23rd member of IDA. | | 1960 | December 1 | Dominican Republic withdraws from membership in Bank and IFC (bringing the total number of IBRD members to 66 and IFC members to 58). | | 1960 | December 14 | Economic Development Institute (EDI) announces that it will donate small libraries on economic development to member countries. The Rockefeller Foundation contributes half the cost of the library materials. | | 1960 | December 19 | Announcement of the appointment of Henry R. Labouisse as the Bank's Special Representative for Africa, who will concern himself primarily with the new nations and less developed territories. | | 1960 | December 22 | IDA Articles of Agreement signed by Ireland, becoming the 24th member of IDA. | | 1960 | December 22 | IDA Articles of Agreement signed by Israel, becoming the 25th member of IDA. | | 1960 | December 22 | IDA Articles of Agreement signed by Turkey, becoming the 26th member of IDA. | | 1960 | December 23 | IDA Articles of Agreement signed by Honduras, becoming the 27th member of IDA. | | 1960 | December 27 | IDA Articles of Agreement signed by Japan, becoming the 28th member of IDA. | | 1960 | December 29 | IDA Articles of Agreement signed by Iraq, becoming the 29th member of IDA. | | 1960 | December 29 | IDA Articles of Agreement signed by Finland, becoming the 30th member of IDA. | | 1960 | December 29 | IDA Articles of Agreement signed by Ghana, becoming the 31st member of IDA. | | 1960 | December 29 | IDA Articles of Agreement signed by Morocco, becoming the 32nd member of IDA. | | 1960 | December 30 | IDA Articles of Agreement signed by Chile, becoming the 33rd member of IDA. | | 1960 | December 30 | IDA Articles of Agreement signed by France, becoming the 34th member of IDA. | | 1960 | December 30 | IDA Articles of Agreement signed by Nicaragua, becoming the 35th member of IDA. | | 1960 | December 30 | IDA Articles of Agreement signed by Saudi Arabia, becoming the 36th member of IDA. | | 1960 | December 30 | IDA Articles of Agreement signed by Tunisia, becoming the 37th member of IDA. |
  1961 | | 1961 | International events | Congo crisis continues. US breaks diplomatic ties with Cuba. Sino-Soviet break becomes public. UN condemns apartheid in South Africa; South Africa withdraws from British Commonwealth and becomes a republic. Bay of Pigs invasion of Cuba by anti-Castro Free Cuban forces supported by the CIA fails. President Trujillo, dictatorial ruler of Dominican Republic, is assassinated, leading to the establishment of a short-lived democratic regime in 1962. East German government builds the Berlin Wall overnight on August 13 to halt access to the West. Tanganyika becomes independent under prime minister Julius Nyerere. First humans are launched into space: Yuri Gagarin and Alan Shepherd. Trans-Siberian Railway electrified. Tanganyika Conference convened to protect African wildlife.
| | 1961 | February 2 | IDA Articles of Agreement signed by Afghanistan, becoming the 38th member of IDA. | | 1961 | February 10 | IDA Articles of Agreement signed by Paraguay, becoming the 39th member of IDA. | | 1961 | March 20 | IBRD sends mission to Spain to assist the government in working out the basis for a long-term development program. Included are Benjamin B. King, Warren C. Baum, and others. | | 1961 | March 22 | IBRD, in conjunction with UN, UNESCO and WHO sends mission to Kuwait to advise the government on further economic development. The mission is headed by Mr. Amjad Ali, former Minster of Finance for Pakistan. | | 1961 | March 29 | IBRD Articles of Agreement signed by Portugal, becoming the 67th member of the Bank. | | 1961 | March 30 | IBRD and IFC Articles of Agreement signed by Nigeria, becoming the 68th member of the Bank, and the 59th member of IFC. | | 1961 | April 1 | Leonard Rist appointed special representative for Africa. | | 1961 | April 11 | I. P. M. Cargill and A. G. Kheradjou appointed Director and Assistant Director, Far East Department. | | 1961 | April 11 | IDA Articles of Agreement signed by Ethiopia, becoming the 40th member of IDA. | | 1961 | April 24 | IDA Articles of Agreement signed by Mexico, becoming the 41st member of IDA. | | 1961 | April 27 | IDA Articles of Agreement signed by Guatemala, becoming the 42nd member of IDA. | | 1961 | May 12 | IDA provides its first development credit, Credit 0001, totaling $9 million, to Honduras for highway development and maintenance. | | 1961 | May 18 | IDA Articles of Agreement signed by Republic of Korea, becoming the 43rd member of IDA. | | 1961 | May 19 | IDA Articles of Agreement signed by Iceland, becoming the 44th member of IDA. | | 1961 | June 1 | Martin M. Rosen becomes Executive Vice President of IFC. | | 1961 | June 13 | IDA Articles of Agreement signed by Haiti, becoming the 45th member of IDA. | | 1961 | June 14 | $19.5 million Bank loan and $13 million IDA credit granted to Sudan for Roseires Dam. | | 1961 | June 15 | Economic Development Institute announces special course for senior agricultural economists of FAO. The course is to give agricultural specialists a review of the broader problems of development programming in developing countries, the establishment of priorities in public investment programs, and project appraisal. | | 1961 | June 16 | IDA Articles of Agreement signed by Colombia, becoming the 46th member of IDA. | | 1961 | June 21 | IDA Articles of Agreement signed by Bolivia, becoming the 47th member of IDA. | | 1961 | June 23 | IFC announces first sale of an investment in a completed project. | | 1961 | June 23 | First funding for Guyana: Loan 0285 – British Guyana Credit Corporation Project. | | 1961 | June 27 | IDA Articles of Agreement signed by Ceylon, becoming the 48th member of IDA. | | 1961 | June 28 | IDA Articles of Agreement signed by Austria, becoming the 49th member of IDA. | | 1961 | June 30 | IDA Articles of Agreement signed by the Netherlands, becoming the 50th member of IDA. | | 1961 | June 30 | IDA Articles of Agreement signed by Costa Rica, becoming the 51st member of IDA. | | 1961 | June 30 | First funding for Argentina: Loan 0288 Road Project. | | 1961 | July 5 | IBRD Articles of Agreement signed by Laos, becoming the 69th member of IBRD. | | 1961 | July 18 | United Nations Special Fund, the Government of Thailand, and the World Bank sign an agreement for a detailed study of the problem of siltation at the Port of Bangkok and for a study of the economic feasibility of building an alternative port at Sriracha. World Bank is executing agency for the studies, having general responsibility for execution of the project including disbursement of the money made available by the Special Fund. | | 1961 | August 1 | IDA Articles of Agreement signed by Libya, becoming the 52nd member of IDA. | | 1961 | August 2 | United Nations Special Fund, the Government of Guatemala, and the World Bank sign an agreement for a comprehensive study of electric power and irrigation in Guatemala. World Bank is executing agency for the studies, having general responsibility for execution of the project including disbursement of the money made available by the Special Fund. | | 1961 | August 16 | First funding for Trinidad and Tobago: Loan 0293 - Electricity Commission Project. | | 1961 | August 30 | IDA Articles of Agreement signed by Peru, becoming the 53rd member of IDA. | | 1961 | August 30 | First funding for China: Credit 0006 - Harbor Dredging Project. | | 1961 | August 31 | IBRD and IFC Articles of Agreement signed by New Zealand, becoming the 70th member of the Bank, and the 60th member of IFC. | | 1961 | September 1 | IDA Articles of Agreement signed by Panama, becoming the 54th member of IDA. | | 1961 | September 5 | Adoption of amendment to IFC Articles of Agreement allowing the Corporation to make equity investments announced. | | 1961 | September 6 | IBRD Articles of Agreement signed by Nepal, becoming the 71st member of the Bank. | | 1961 | September 8 | IFC makes first investment in development banks: $2 million each in two Colombian financieras. | | 1961 | September 18 | Dominican Republic rejoins the Bank (becoming the 72nd member). | | 1961 | September 19 | Annual Bank-Fund meetings convene at the Hofburg Palace, Vienna. | | 1961 | September 20 | World Bank mission to Kenya, to undertake a general survey of the economy and assist in the formulation of a program of economic growth. Mission is headed by Edmond H. Leavey, former head of ITT. | | 1961 | October 15 | Robert L Garner retires as President of IFC. Eugene Black assumes the position of President of IFC; Martin M. Rosen becomes Executive Vice President of IFC. | | 1961 | October 19 | First funding for East Pakistan (Bangladesh): Credit 0011, Credit S008 Dacca - Narayangam Demra Irrigation Project. | | 1961 | October 31 | Dominican Republic rejoins IFC, becoming the 61st member. | | 1961 | November 1 | Development Services Department is established, containing two units: a Development Advisory Service and the Technical Assistance Staff. | | 1961 | November 2 | Syrian Arab Republic becomes a separate member (bringing the total IBRD membership to 73). | | 1961 | November 6 | Indonesia withdraws from membership in IFC, bringing the total membership in IFC to 60). | | 1961 | November 7 | IDA Articles of Agreement signed by Ecuador, becoming the 55th member of IDA. | | 1961 | November 14 | IDA Articles of Agreement signed by Nigeria, becoming the 56th member of IDA. | | 1961 | December 5 | Geoffrey M. Wilson appointed director of operations for South Asia and Middle East, replacing Joseph Rucinski. | | 1961 | December 13 | First funding for Venezuela: Loan 0306 - Expressway Project. | | 1961 | December 21 | IBRD Articles of Agreement signed by Cyprus, becoming the 74th member of the Bank. | | 1961 | December 22 | First funding for Jordan: Credit 0018 - Amman Water Supply Development Board Project. |
  1962 | | 1962 | International events | Algeria becomes independent. The government of Burma is seized by the military. Uganda achieves full self-government within the British Commonwealth; Prime Minister Milton Obote then overturns the constitution and declares a Republic. China attacks India across the disputed border of Tibet. Cuban missile crisis begins when the US discovers that Soviet nuclear missile bases are being built in Cuba. US President Kennedy establishes a blockade of Cuba. Soviet missiles are withdrawn from Cuba, and US missiles are withdrawn from Turkey. Rachel Carson writes Silent Spring, contributing to popular concern over the environmental problems of industrial society.
| | 1962 | January 8 | Functional responsibility for assistance to development banks is transferred to IFC. Industrial Development Bank unit is headed by A. G. El Emary. | | 1962 | January 8 | Bank begins its fourteenth General Training Program for 9 nationals from member countries. | | 1962 | January 9 | IDA Articles of Agreement signed by Greece, becoming the 57th member of IDA. | | 1962 | January 11 | Bank special mission to Colombia to review the general program of economic and social development, in order to determine the requirements for external assistance. Gerald Alter heads the mission, which includes Duncan S. Ballantine, Bernard Bell, and others. | | 1962 | January 29 | Bank announces special mission to Iran to review the Government's Third Development Plan. Mission is headed by O. J. McDiarmid. | | 1962 | February 5 | New Africa Department created: Pierre L. Moussa, director, John H. Williams assistant director, Andrew Kamarck economic adviser. | | 1962 | February 8 | First funding for Ghana: Loan 0310 - Volta Power Project. | | 1962 | February 16 | EDI field trip to Jamaica, with 20 senior officials from 18 different countries to study programs in finance, industry, agriculture, natural resources, health, education, and social welfare. | | 1962 | February 26 | IFC established advisory panel of investment bankers. | | 1962 | March 2 | IFC and IDA Articles of Agreement signed by Cyprus, becoming the 61st member of IFC and the 58th member of IDA. | | 1962 | March 5 | Staff report on multilateral investment insurance is issued. | | 1962 | March 14 | First funding for Swaziland: Credit 0020 - Road Project. | | 1962 | March 16 | Bank announces that it will provide a French language library on economic development to selected agencies in underdeveloped countries. This supplements the earlier effort (in December 1960) which provided English-language titles to organizations in member countries. | | 1962 | March 20 | President Eugene Black announces that Escott Reid will begin duties as consultant to the Bank in July 1962. | | 1962 | March 28 | IBRD, IFC and IDA Articles of Agreement signed by Liberia, becoming the 75th member of the Bank, the 62nd member of IFC, and the 59th member of IDA. | | 1962 | May 28 | EDI begins special course on development planning for French-speaking officials of developing countries. It is the first non-English language course offered by EDI. | | 1962 | April 10 | IDA Articles of Agreement signed by Lebanon, becoming the 60th member of IDA. | | 1962 | April 11 | First meeting of the Nigeria Consultative Group, convened by the World Bank. | | 1962 | April 23 | IDA Articles of Agreement signed by El Salvador, becoming the 61st member of IDA. | | 1962 | June | The Junior Professionals Recruitment and Development Program (renamed Young Professionals Program in 1966) is launched. | | 1962 | June 13 | At a speech to the Minnesota Bar Association, Aron Broches argues for the need for a permanent arbitration tribunal to settle international investment disputes. | | 1962 | June 21 | The World Bank announces that it will assist in the financing of a technical study for a crossing of the River Hooghly in Calcutta. It is the first Bank-financed study in India, and is part of the Bank's contribution to the redevelopment of Calcutta. | | 1962 | June 21 | First meeting of the Colombia Consultative Group, convened by the World Bank. | | 1962 | June 28 | IFC and IDA Articles of Agreement signed by Syria, becoming the 63rd member of IFC, and the 62nd member of IDA. | | 1962 | June 29 | First meeting of the Tunisia Consultative Group, convened by the World Bank. | | 1962 | July 2 | Argentina transportation study, A Long-Range Transportation Plan for Argentina, is published in Buenos Aires by Ministry of Public Works and Services (first UNDP feasibility study to be completed; Bank was executing agency.) | | 1962 | July 25 | IFC Articles of Agreement signed by Tunisia, becoming the 64th member of IFC. | | 1962 | July 26 | Fifteen persons accept appointments in New Development Advisory Service. | | 1962 | August 1 | IBRD Articles of Agreement signed by Togo, becoming the 76th member of the Bank. | | 1962 | August 3 | IDA Articles of Agreement signed by Argentina, becoming the 63rd member of IDA. | | 1962 | August 17 | First funding for Korea: Credit 0025 - Railway Project. | | 1962 | August 21 | IDA Articles of Agreement signed by Togo, becoming the 64th member of IDA. | | 1962 | August 28 | World Bank and Colombia publish Plan for Improvements in National Transportation, a survey report on the transportation facilities of Colombia, recommending a ten year program to improve highways, railroads, inland waterways, seaports and airports. | | 1962 | August 28 | World Bank announces confirmation of the death of two staff members - John Shearer and Vance Rogers - killed in a helicopter crash while on mission in Thailand. | | 1962 | August 30 | IFC Articles of Agreement signed by Morocco, becoming the 65th member of IFC. | | 1962 | August 31 | IBRD, IFC, and IDA Articles of Agreement signed by Senegal, becoming the 77th member of the Bank, the 66th member of IFC, and the 65th member of IDA. | | 1962 | August 31 | IBRD, IFC, and IDA Articles of Agreement signed by Somalia, becoming the 78th member of the Bank, the 67th member of IFC, and the 66th member of IDA. | | 1962 | September 4 | IFC Articles of Agreement signed by Togo, becoming the 68th member of IFC. | | 1962 | September 10 | IBRD and IFC Articles of Agreement signed by Sierra Leone, becoming the 79th member of the Bank and the 69th member of IFC. | | 1962 | September 10 | IBRD and IFC Articles of Agreement signed by Tanganyika (Tanzania), becoming the 80th member of the Bank and the 70th member of IFC. | | 1962 | September 13 | IBRD, IFC, and IDA Articles of Agreement signed by Kuwait, becoming the 81st member of the Bank, the 71st member of IFC, and the 67th member of IDA. | | 1962 | September 17 | First funding for Tunisia: Credit 0029 - Education Project (first World Bank Group financing of education). | | 1962 | September 17 | Annual Meetings open at Sheraton Park Hotel in Washington, D.C. | | 1962 | September 18 | IFC Articles of Agreement signed by Saudi Arabia, becoming the 72nd member of IFC. | | 1962 | September 27 | Resident mission established in Bogota, Colombia, headed by Peyton Kerr. | | 1962 | October 5 | World Bank announces mission to study the economic implications of the proposed merger of the Federation of Malaya, Singapore, and the Borneo Territories to form Malaysia. Mission is headed by Professor Jacques L. Rueff, French Inspector General of Finance, and includes Leonard Rist, John A. Edelman, E. Bevan Waide, and others. | | 1962 | October 17 | Eugene Black announces the appointment of Dr. Harvie Branscomb as full-time consultant to the Bank for educational policy. President Black states that "nothing is more vital to the economic progress of underdeveloped countries than the development of human resources through widespread education." | | 1962 | October 31 | Sir William Iliff , Vice President, retires from the Bank and IDA. Geoffrey M. Wilson is appointed to succeed him. Escott Reid succeeds Wilson as director of operations for South Asia and Middle East. | | 1962 | November 5 | IDA Articles of Agreement signed by Burma, becoming the 68th member of IDA. | | 1962 | November 6 | IDA Articles of Agreement signed by Tanganyika, becoming the 69th member of IDA. | | 1962 | November 7 | World Bank announces that Sir Leslie Melville will join the staff of the Development Advisory Service in 1963. | | 1962 | November 13 | IDA Articles of Agreement signed by Sierra Leone, becoming the 70th member of IDA. | | 1962 | November 16 | IDA Articles of Agreement signed by Dominican Republic, becoming the 71st member of IDA. | | 1962 | November 20 | Study undertaken of telecommunications needs in Central America and Panama; UN Special Fund finances the study; World Bank is executing agency. | | 1962 | November 21 | United Nations Special Fund, the Government of Brazil, and the World Bank agree to prepare a long-range plan for the development of the six main river systems of the State of Minas Gerais for electric power generation, flood control, and irrigation. World Bank will act as executing agency, and will disburse the funds made available through the Special Fund. | | 1962 | December 21 | First funding for Morocco: Loan 0329 - Banque Nationale de Developpement Economique Project. |
  1963 | | 1963 | International events | Congo crisis is largely resolved with the defeat of separatist movement of Moise Tshombe. Organization of African Unity is established. Federation of Malaya is created. Amid opposition from all leading African groups, the Central African Federation dissolves. Reverend Martin Luther King leads March on Washington for Jobs and Freedom. Black African leader Nelson Mandela is tried under the Suppression of Communism act in South Africa. President Ngo Dinh Diem of South Vietnam is assassinated in a US supported coup. US President Kennedy is assassinated in Dallas, Texas; Lyndon B. Johnson becomes president.
| | 1963 | January 1 | George D. Woods succeeds Eugene R. Black as President of Bank, IDA, and IFC. | | 1963 | January 14 | Bank begins its fifteenth General Training Program for 10 nationals from member countries. | | 1963 | January 15 | Bank announces publication of The Economic Development of Spain, the report of the survey mission to Spain, the largest mission organized by the Bank to date. The mission advocates policy of "indicative" planning and of stimulating economic growth as the best way to solve particular problems of employment, income, and regional development. | | 1963 | January 16 | IFC operates jointly with World Bank for first time – investment in Banque Nationale pour le Developpement Economique, Morocco. | | 1963 | February 5 | World Bank announces the appointment of Mr. Ricardo Diez-Hochleitner, formerly of UNESCO and OAS, as Chief of the new Education Division in the Department of Technical Operations. The division is charged with appraisal of educational projects submitted for financing, and for assisting countries to plan their educational investments along lines which will promote their economic development. | | 1963 | February 7 | The United Nations Special Fund, the Government of Sudan, and the World Bank agree to a survey of the electric power requirements of Sudan. It is the first comprehensive study of Sudan's power needs and potential. The World Bank is executing agency for the project and will disburse the funds made available from the Special Fund. | | 1963 | February 12 | The United Nations Special Fund, the Government of Colombia, and the World Bank agree to a study of further exploitation of coal deposits in the Cauca Valley. The World Bank is executing agency for the project and will disburse the funds made available from the Special Fund. | | 1963 | February 18 | World Bank announces that it will organize and help to finance a study aimed at improving the transport of coal in India. It is the second Bank-financed study in India (following the River Hooghly crossing in Calcutta). The study's Steering Committee includes Edward Mason and G. L. Bansal. | | 1963 | February 21 | IBRD Articles of Agreement signed by Jamaica, becoming the 82nd member of the Bank. | | 1963 | March 6 | IDA Articles of Agreement signed by Nepal, becoming the 72nd member of IDA. | | 1963 | March 11 | IBRD, IFC, and IDA Articles of Agreement signed by Ivory Coast (Cote d'Ivoire), becoming the 83rd member of the Bank, the 73rd member of IFC, and the 73rd member of IDA. | | 1963 | March 15 | IDA Articles of Agreement signed by Brazil, becoming the 74th member of IDA. | | 1963 | March 26 | Herbert D. Vogel becomes Engineering Consultant of the Bank in the Department of Technical Operations. Mr. Vogel is to advise the Bank on all aspects of the engineering problems encountered by the Bank, and to maintain liaison with engineering profession in many countries. | | 1963 | April 5 | President George D. Woods addresses UNESCO, his first public appearance since assuming office. | | 1963 | April 6 | First funding for Portugal: Loan 0363 - Empresa Termoelectrica Portuguesa Project. | | 1963 | April 17 | First funding for Cyprus: Loan 0335 - Power Project. | | 1963 | April 24 | IBRD and IDA Articles of Agreement signed by Niger, becoming the 84th member of IBRD and the 75th member of IDA. | | 1963 | May 2 | IBRD Articles of Agreement signed by Upper Volta (Burkina Faso), becoming the 85th member of the Bank. | | 1963 | May 3 | United Nations Special Fund, the Government of Brazil and the World Bank agree to survey the hydroelectric resources and power market of Brazil's South Central Region, and for the development of a 15-year construction program for power generation and transmission in the Region. The World Bank will serve as executing agency for the survey, and will disburse funds made available by the Special Fund. | | 1963 | May 8 | Howard C. Johnson becomes Manager of Portfolio Sales and Participations in the Marketing Department of the Bank and IFC. | | 1963 | May 13 | IDA Articles of Agreement signed by Upper Volta (Burkina Faso), becoming the 76th member of IDA. | | 1963 | May 16 | First funding for Singapore: Loan 0337 - Power Distribution Project. | | 1963 | June 19 | United Nations Special Fund, the Government of Gabon and the World Bank agree to survey iron ore transport in Gabon. Included will be a feasibility study for a railroad to carry iron ore from the mining district to the sea. The World Bank will serve as executing agency for the survey, and will disburse funds made available by the Special Fund. | | 1963 | July 8 | The World Bank helps finance a study of educational needs in Tunisia. | | 1963 | July 10 | IBRD Articles of Agreement signed by Cameroon, becoming the 86th member of the Bank. | | 1963 | July 10 | IBRD Articles of Agreement signed by Central African Republic, becoming the 87th member of the Bank. | | 1963 | July 10 | IBRD Articles of Agreement signed by Chad, becoming the 88th member of the Bank. | | 1963 | July 10 | IBRD Articles of Agreement signed by Congo (Brazzaville) (Republic of Congo), becoming the 89th member of the Bank. | | 1963 | July 10 | IBRD Articles of Agreement signed by Dahomey (Benin), becoming the 90th member of the Bank. | | 1963 | July 24 | First meeting of the Consultative Group for the Sudan, convened by the World Bank. | | 1963 | July 25 | Announcement to staff that President George Woods had surgery in Seattle, and is recovering satisfactorily. | | 1963 | August 2 | Bank announces that its first loan of $250 million made in 1947 to Credit National of France has been sold in its entirety and is no longer held by the Bank. | | 1963 | August 26 | Announcement made to staff that the Bank will be open as usual on August 28, the day of the Civil Rights March in Washington. | | 1963 | August 27 | IDA Articles of Agreement signed by Central African Republic, becoming the 77th member of IDA. | | 1963 | September 6 | First funding for Malta: Loan 0351 - Power and Water Distillation Project. | | 1963 | September 10 | IBRD Articles of Agreement signed by Gabon, becoming the 91st member of the Bank. | | 1963 | September 10 | IBRD and IDA Articles of Agreement signed by Mauritania , becoming the 92nd member of the Bank and the 78th member of IDA. | | 1963 | September 16 | IBRD Articles of Agreement signed by Trinidad and Tobago, becoming the 93rd member of the Bank. | | 1963 | September 16 | IDA Articles of Agreement signed by Dahomey (Benin), becoming the 79th member of IDA. | | 1963 | September 23 | First funding for Mauritius: Loan 0355 - Power Project (01). | | 1963 | September 25 | IBRD and IDA Articles of Agreement signed by Malagasy Republic (Madagascar), becoming the 94th member of the Bank and the 80th member of IDA. | | 1963 | September 26 | IBRD and IDA Articles of Agreement signed by Algeria, becoming the 95th member of the Bank and the 81st member of IDA. | | 1963 | September 27 | IFC Articles of Agreement signed by Malagasy Republic (Madagascar), becoming the 74th member of IFC. | | 1963 | September 27 | IBRD and IDA Articles of Agreement signed by Mali, becoming the 96th member of the Bank and the 82nd member of IDA. | | 1963 | September 27 | IBRD, IFC, and IDA Articles of Agreement signed by Uganda, becoming the 97th member of the Bank, the 75th member of IFC, and the 83rd member of IDA. | | 1963 | September 28 | IBRD and IDA Articles of Agreement signed by Burundi, becoming the 98th member of the Bank and the 84th member of IDA. | | 1963 | September 28 | IBRD and IDA Articles of Agreement signed by Congo (Leopoldville) (Democratic Republic of Congo), becoming the 99th member of the Bank and the 85th member of IDA. | | 1963 | September 28 | IBRD Articles of Agreement signed by Guinea, becoming the 100th member of the Bank. | | 1963 | September 30 | IBRD and IDA Articles of Agreement signed by Rwanda, becoming the 101st member of the Bank and the 86th member of IDA. | | 1963 | September 30 | Annual Meetings open at Sheraton-Park Hotel in Washington. | | 1963 | October 23 | EDI begins first Project Evaluation Course conducted in Spanish. | | 1963 | October 25 | First funding for Spain: Loan 0360 - Highway Improvement Project. | | 1963 | October 28 | IDA Articles of Agreement signed by Laos, becoming the 87th member of IDA. | | 1963 | October 29 | World Bank announces that it will assist in the financing of a study on the establishment of an Electricity Authority in Iran, to be responsible for the regulation, future planning and development of the Iranian power industry. | | 1963 | November 1 | Marketing Department is designated "New York Office" with Howard C. Johnson as director. | | 1963 | November 4 | IDA Articles of Agreement signed by Gabon, becoming the 88th member of IDA. | | 1963 | November 7 | IDA Articles of Agreement signed by Chad, becoming the 89th member of IDA. | | 1963 | November 8 | IDA Articles of Agreement signed by Congo (Brazzaville) – (Republic of Congo), becoming the 90th member of IDA. | | 1963 | November 12 | First funding for New Zealand: Loan 0364 - Harbour Project. | | 1963 | December 5 | Announcement made to staff that because of President Kennedy's recent death, the Christmas party will be postponed until a date early in 1964. | | 1963 | December 9 | The Eugene Black Auditorium in the "new" World Bank building ("C" building) is formally dedicated, with an address by US Treasury Secretary Douglas Dillon. | | 1963 | December 9 | World Bank announces the publication of Planning in Pakistan by Albert Waterston, written as an EDI case study. | | 1963 | December 14 | First funding for Syrian Arab Republic: Credit 0046 – Road Project. | | 1963 | December 17 | Bank announces plan to send general survey mission to Morocco in February 1964, headed by J. W. Beyen. | | 1963 | December 19 | United Nations Special Fund, the Government of Paraguay and the World Bank agree to a survey for constructing roads in southern Paraguay to open up virgin land suitable for settlement and agricultural development. The World Bank will act as Executing Agency for the survey, and will disburse funds made available by the Special Fund. | | 1963 | December 19 | First funding for Tanzania: Credit 0045 - School Construction Equipment Project. |
  1964
| | 1964 | International events | Sultanate in Zanzibar is overthrown; Zanzibar and Tanganyika merge to form United Republic of Tanzania, with Julius Nyerere as president. Northern Rhodesia achieves independence as Republic of Zambia under president Kenneth Kaunda. Nyasaland becomes independent state of Malawi with Hastings Banda as Prime Minister. Palestine Liberation Organization (PLO) is formed. Indian Prime Minister Nehru dies. Revolts in Congo as UN forces leave the country. Dictatorial rule established under General Mobutu (Mobutu Sese Seko). Military coup in Brazil inaugurates period of dictatorial military regimes, extending until 1985. Nikita Khrushchev removed as Soviet leader, replaced by Leonid Brezhnev and Aleksei Kosygin. North Vietnamese forces become involved with a US ship in the Gulf of Tonkin. The US Congress passes the gulf of Tonkin resolution giving President Johnson wide powers to respond militarily. Britain grants licenses for oil and gas development in the North Sea.
| | 1964 | ….. | World Bank establishes Resident Mission in Ethiopia. | | 1964 | January 7 | First joint operation of IFC with Inter-American Development Bank. | | 1964 | January 8 | First funding for Liberia: Loan 0368 - Roads Project. | | 1964 | February 3 | IBRD, IFC and IDA Articles of Agreement signed by Kenya, becoming the 102nd member of the Bank, the 76th member of IFC, and the 91st member of IDA. | | 1964 | March 16 | IFC Articles of Agreement signed by Korea, becoming the 77th member of IFC. | | 1964 | March 25 | George D. Woods delivers address before UN Conference on Trade and Development in Geneva, Switzerland. | | 1964 | March 25 | Cooperative relationships with the UN Food and Agricultural Organization and the UN Educational, Scientific, and Cultural Organization are established. | | 1964 | March 30 | EDI begins first course concerned primarily with evaluating industrial projects. | | 1964 | March 31 | IFC Articles of Agreement signed by Jamaica, becoming the 78th member of IFC. | | 1964 | April 2 | Bernard Chadenet appointed associate director of technical operations. | | 1964 | April 6 | Supplemental Agreement to the Indus Basin Development Fund Agreement of 1960 comes into force. Provides additional foreign exchange resources to be applied toward the cost of works to be constructed by Pakistan in the Indus Basin, aggregating $315 million. | | 1964 | April 10 | IDA Articles of Agreement signed by Cameroon, becoming the 92nd member of IDA. | | 1964 | May 7 | Announcement made that EDI, in cooperation with Indian Institute of Management, Calcutta, will give new course in evaluation of economic development projects in Jaipur, India, from October 19 to December 11 for participants from eight Asian countries. | | 1964 | May 26 | Orvis A. Schmidt appointed special adviser to president on matters concerning Latin America; Gerald Alter succeeds Schmidt as director of operations, Western hemisphere. | | 1964 | June 2 | Federico Consolo appointed to newly created post of special representative for United Nations organizations. | | 1964 | June 4 | IDA Articles of Agreement signed by Luxembourg, becoming the 93rd member of IDA. | | 1964 | June 24 | First funding for Niger: Credit 0055 - Roads Project. | | 1964 | June 29 | The first replenishment of IDA resources becomes effective, as eighteen governments agree to provide $753 million, which would stretch over four years. | | 1964 | July 2 | IDA Articles of Agreement signed by Belgium, becoming the 94th member of IDA. | | 1964 | July 7 | Loan equivalent to $82 million made to Nigeria to assist in financing Niger Dam. | | 1964 | July 7 | First issue of Finance and Development is published under the title The Fund and Bank Review: Finance and Development. The editor is Mr. J. D. Scott. | | 1964 | July 24 | First funding for Bolivia: Credit 0062 - BPC Power Project. | | 1964 | August 3 | First funding for Botswana: Credit 0063 Roads and Water Project. | | 1964 | August 18 | First funding for Sierra Leone: Loan 0388 - King Tom Power Project. | | 1964 | August 25 | Michael L. Lejeune appointed director of administration to succeed the late William F. Howell, who died July 9, 1964. | | 1964 | September 7 | Annual meetings convene in Tokyo. | | 1964 | October 1 | Irving S. Friedman appointed as the economic adviser to George D. Woods, President. | | 1964 | October 14 | Bank makes first loan in the field of education, to the College of Agriculture of the University of the Philippines. | | 1964 | November 23 | First funding for Afghanistan: Credit 0068 Education Project. | | 1964 | November 24 | Bank allocates $300,000 to meet foreign exchange costs of feasibility studies (an early grant for such studies) for three road construction projects in Peru; government of Peru to bear local currency costs. | | 1964 | December 14 | Bank announces that West African office in Abidjan, Ivory Coast, is expected to open in early 1965, headed by Alfred E. Matter. | | 1964 | December 22 | Adbel G. El Emary, then with IFC, appointed to succeed Pierre L. Moussa as director of Department of Operations for Africa on January 1, 1965. | | 1964 | December 22 | Ladislaus von Hoffmann appointed IFC director of investments, Africa, Asia, and the Middle East. |
  1965
| | 1965 | International events | In US, Black leader Malcolm X is assassinated; major race riots break out in US cities. Congress passes the Voting Rights Act to protect voters in the South. US forces intervene in the Dominican Republic in a conflict which extends until 1966. Algeria's president Ben Bella is deposed. Angered by British demands for Black African participation in government, Rhodesia issues Unilateral Declaration of Independence, which is denounced as illegal by the British government, which imposes an oil embargo on Rhodesia. US combat troops arrive in Vietnam. Regular US bombing of North Vietnam begins. In Indonesia, the army massacres hundreds of thousands of civilians following an abortive coup. Ferdinand Marcos is elected President of the Philippines. Singapore becomes an independent republic. Indo-Pakistani war breaks out over Pakistani aid to Muslims in Kashmir. Ralph Nader's Unsafe at any Speed launches his career as consumer advocate. Soviet and American astronauts conduct first space walks.
| | 1965 | . | World Bank establishes Resident Mission in Rio de Janeiro, Brazil, and Regional Mission in Kenya. | | 1965 | January 20 | Alexander Stevenson appointed director of South Asia Department. | | 1965 | January 22 | Mahmud Burney appointed World Bank representative in Addis Ababa. | | 1965 | January 22 | Johns Hopkins Press publishes Economic Growth and External Debt, by Dragoslav Avramovic. | | 1965 | February 2 | Senior staff appointments announced: Andrew Kamarck is Director of the Economics Department; Dragoslav Avramovic is Director of Special Economic Studies; Barend A. de Vries is Deputy Director of the Economics Department. | | 1965 | February 15 | Bank transmits to the United nations a staff study on the proposal presented by David Horowitz, governor of the Bank of Israel, to UNCTAD. The Horowitz Proposal aims to achieve a substantial increase in the flow of capital on "soft" terms to developing countries. These funds would be raised in private capital markets and administered by IDA. | | 1965 | March 1 | Simon Aldewereld appointed a Vice President of IBRD and IDA. | | 1965 | March 5 | First funding for Benin: Credit 0144 - Hinvi Agriculture Project. | | 1965 | March 14 | Bank mission arrives in Lima, Peru for a seven week mission to study the government's economic development program and policies. Mission is headed by Hubert Havlik. | | 1965 | March 16 | Bank mission to Caracas, Venezuela for six to eight weeks, headed by Mr. Jonas Haralz and Enrique Lerdau. | | 1965 | March 23 | Economic mission, headed by Richard H. Demuth, arrives in Ankara, Turkey for a six week study. | | 1965 | April 8 | First funding for Jamaica: Loan 0408 - Highway Project. | | 1965 | May 3 | Economic mission arrives in Lagos, Nigeria, headed by Dragoslav Avramovic, to conduct an eight week study of the Nigerian economy. | | 1965 | May 13 | Andre de Lattre, Inspector of Finance (France), appointed to serve as personal adviser to George Woods for temporary period during discussions with Indian authorities. | | 1965 | June 30 | For the first time, World Bank commitments exceeded $1 billion. | | 1965 | July 6 | World Bank agrees to pay up to $830,000 to help finance assistance provided by the Development Advisory Service of Harvard University to the Planning commission of Pakistan and the Provincial Planning Departments. | | 1965 | July 19 | IBRD, IFC and IDA Articles of Agreement signed by Malawi, becoming the 103rd member of the Bank, the 79th member of IFC, and the 95th member of IDA. | | 1965 | July 29 | First meeting of the Consultative Group for Ceylon meets in Washington. | | 1965 | August 11 | Leonard Rist heads Bank mission to review Gezira Irrigation Scheme. Bank to bear foreign exchange costs; Sudanese government local currency costs. | | 1965 | August 17 | Government of Indonesia withdraws from membership in World Bank (bringing total IBRD membership to 102). | | 1965 | September 20 | Michael L. Hoffman appointed assistant director, Development Services Department. | | 1965 | September 23 | IBRD, IFC and IDA Articles of Agreement signed by Zambia, becoming the 103rd member of the Bank, the 80th member of IFC, and the 96th member of IDA. | | 1965 | September 27 | Annual Meetings open at Sheraton Park Hotel in Washington, D.C. | | 1965 | October 4 | First meeting of the Malaysia Consultative Group, convened by the World Bank. | | 1965 | December 9 | World Bank transmits to UN Secretary-General a staff study on supplementary financial measures to prevent disruption of development programs in developing countries resulting from shortfalls in their export earnings. Under the scheme, countries would receive supplementary financing in support of their development programs in case their export earnings failed to reach agreed expectations. | | 1965 | December 14 | J. Burke Knapp visits Rhodesia and Zambia for talks on Kariba Dam. | | 1965 | December 15 | Johns Hopkins Press publishes |
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