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World Bank Historical Chronology: 1960-1969

1960
1960International 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.

1960January 20"Three Wise Men" (Abs, Franks, and Sproul) begin visit to India and Pakistan to study economic conditions and planned development programs.
1960February 1Articles of Agreement of International Development Association (IDA) are ready for acceptance by prospective member governments.
1960March 17First funding for Mauritania: Loan 0249 - MIFERMA Iron Ore Project.
1960March 19"Three Wise Men" issue report in the form of a letter to Eugene Black.
1960March 24IFC Articles of Agreement signed by Spain, becoming the 59th member of IFC.
1960April 4Eugene Black offers the good services of the World Bank to mediate the dispute regarding the settlement of City of Tokyo Bonds of 1912.
1960April 29Eugene 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.
1960May 27First funding for Kenya: Loan 0256 - African Agriculture Project.
1960June 1Appeal made to Bank staff to give donations for Chilean disaster relief.
1960July 17$15.5 million loan granted to Sudan for irrigation (first loan to "new" Africa).
1960September 9First funding for Israel: Loan 0265 - Port of Ashdod Project.
1960September 19Indus 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.
1960September 24International 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.
1960September 25IFC announces that a proposal to amend its charter (to permit equity investment) will be discussed informally during annual meeting of Governors.
1960September 26Annual Meetings open in Washington, D.C.
1960September 30Bank acts as an executing agency for UN Special Fund in study of transportation in Argentina.
1960October 4IDA Articles of Agreement signed by Jordan, becoming the 16th member of IDA.
1960October 5First meeting of Pakistan aid consortium is held.
1960October 10IDA Articles of Agreement signed by Iran, becoming the 17th member of IDA.
1960October 12IDA Articles of Agreement signed by South Africa, becoming the 18th member of IDA.
1960October 18IDA Articles of Agreement signed by Spain, becoming the 19th member of IDA.
1960October 21IFC Articles of Agreement signed by Sudan, becoming the 60th member of IFC.
1960October 26IDA Articles of Agreement signed by Egypt, becoming the 20th member of IDA.
1960October 26IDA Articles of Agreement signed by Yugoslavia, becoming the 21st member of IDA.
1960October 28IDA Articles of Agreement signed by Philippines, becoming the 22nd member of IDA.
1960November 14Cuba withdraws from membership in Bank and IFC (bringing the total number of IBRD members to 67 and IFC members to 59).
1960November 30IDA Articles of Agreement signed by Denmark, becoming the 23rd member of IDA.
1960December 1Dominican Republic withdraws from membership in Bank and IFC (bringing the total number of IBRD members to 66 and IFC members to 58).
1960December 14Economic 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.
1960December 19Announcement 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.
1960December 22IDA Articles of Agreement signed by Ireland, becoming the 24th member of IDA.
1960December 22IDA Articles of Agreement signed by Israel, becoming the 25th member of IDA.
1960December 22IDA Articles of Agreement signed by Turkey, becoming the 26th member of IDA.
1960December 23IDA Articles of Agreement signed by Honduras, becoming the 27th member of IDA.
1960December 27IDA Articles of Agreement signed by Japan, becoming the 28th member of IDA.
1960December 29IDA Articles of Agreement signed by Iraq, becoming the 29th member of IDA.
1960December 29IDA Articles of Agreement signed by Finland, becoming the 30th member of IDA.
1960December 29IDA Articles of Agreement signed by Ghana, becoming the 31st member of IDA.
1960December 29IDA Articles of Agreement signed by Morocco, becoming the 32nd member of IDA.
1960December 30IDA Articles of Agreement signed by Chile, becoming the 33rd member of IDA.
1960December 30IDA Articles of Agreement signed by France, becoming the 34th member of IDA.
1960December 30IDA Articles of Agreement signed by Nicaragua, becoming the 35th member of IDA.
1960December 30IDA Articles of Agreement signed by Saudi Arabia, becoming the 36th member of IDA.
1960December 30IDA Articles of Agreement signed by Tunisia, becoming the 37th member of IDA.
1961
1961International eventsCongo 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.

1961February 2IDA Articles of Agreement signed by Afghanistan, becoming the 38th member of IDA.
1961February 10IDA Articles of Agreement signed by Paraguay, becoming the 39th member of IDA.
1961March 20IBRD 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.
1961March 22IBRD, 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.
1961March 29IBRD Articles of Agreement signed by Portugal, becoming the 67th member of the Bank.
1961March 30IBRD and IFC Articles of Agreement signed by Nigeria, becoming the 68th member of the Bank, and the 59th member of IFC.
1961April 1Leonard Rist appointed special representative for Africa.
1961April 11I. P. M. Cargill and A. G. Kheradjou appointed Director and Assistant Director, Far East Department.
1961April 11IDA Articles of Agreement signed by Ethiopia, becoming the 40th member of IDA.
1961April 24IDA Articles of Agreement signed by Mexico, becoming the 41st member of IDA.
1961April 27IDA Articles of Agreement signed by Guatemala, becoming the 42nd member of IDA.
1961May 12IDA provides its first development credit, Credit 0001, totaling $9 million, to Honduras for highway development and maintenance.
1961May 18IDA Articles of Agreement signed by Republic of Korea, becoming the 43rd member of IDA.
1961May 19IDA Articles of Agreement signed by Iceland, becoming the 44th member of IDA.
1961June 1Martin M. Rosen becomes Executive Vice President of IFC.
1961June 13IDA Articles of Agreement signed by Haiti, becoming the 45th member of IDA.
1961June 14$19.5 million Bank loan and $13 million IDA credit granted to Sudan for Roseires Dam.
1961June 15Economic 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.
1961June 16IDA Articles of Agreement signed by Colombia, becoming the 46th member of IDA.
1961June 21IDA Articles of Agreement signed by Bolivia, becoming the 47th member of IDA.
1961June 23IFC announces first sale of an investment in a completed project.
1961June 23First funding for Guyana: Loan 0285 – British Guyana Credit Corporation Project.
1961June 27IDA Articles of Agreement signed by Ceylon, becoming the 48th member of IDA.
1961June 28IDA Articles of Agreement signed by Austria, becoming the 49th member of IDA.
1961June 30IDA Articles of Agreement signed by the Netherlands, becoming the 50th member of IDA.
1961June 30IDA Articles of Agreement signed by Costa Rica, becoming the 51st member of IDA.
1961June 30First funding for Argentina: Loan 0288 Road Project.
1961July 5IBRD Articles of Agreement signed by Laos, becoming the 69th member of IBRD.
1961July 18United 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.
1961August 1IDA Articles of Agreement signed by Libya, becoming the 52nd member of IDA.
1961August 2United 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.
1961August 16First funding for Trinidad and Tobago: Loan 0293 - Electricity Commission Project.
1961August 30IDA Articles of Agreement signed by Peru, becoming the 53rd member of IDA.
1961August 30First funding for China: Credit 0006 - Harbor Dredging Project.
1961August 31IBRD and IFC Articles of Agreement signed by New Zealand, becoming the 70th member of the Bank, and the 60th member of IFC.
1961September 1IDA Articles of Agreement signed by Panama, becoming the 54th member of IDA.
1961September 5 Adoption of amendment to IFC Articles of Agreement allowing the Corporation to make equity investments announced.
1961September 6IBRD Articles of Agreement signed by Nepal, becoming the 71st member of the Bank.
1961September 8IFC makes first investment in development banks: $2 million each in two Colombian financieras.
1961September 18Dominican Republic rejoins the Bank (becoming the 72nd member).
1961September 19Annual Bank-Fund meetings convene at the Hofburg Palace, Vienna.
1961September 20World 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.
1961October 15Robert 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.
1961October 19First funding for East Pakistan (Bangladesh): Credit 0011, Credit S008 Dacca - Narayangam Demra Irrigation Project.
1961October 31Dominican Republic rejoins IFC, becoming the 61st member.
1961November 1Development Services Department is established, containing two units: a Development Advisory Service and the Technical Assistance Staff.
1961November 2Syrian Arab Republic becomes a separate member (bringing the total IBRD membership to 73).
1961November 6Indonesia withdraws from membership in IFC, bringing the total membership in IFC to 60).
1961November 7IDA Articles of Agreement signed by Ecuador, becoming the 55th member of IDA.
1961November 14IDA Articles of Agreement signed by Nigeria, becoming the 56th member of IDA.
1961December 5Geoffrey M. Wilson appointed director of operations for South Asia and Middle East, replacing Joseph Rucinski.
1961December 13First funding for Venezuela: Loan 0306 - Expressway Project.
1961December 21IBRD Articles of Agreement signed by Cyprus, becoming the 74th member of the Bank.
1961December 22First funding for Jordan: Credit 0018 - Amman Water Supply Development Board Project.
1962
1962International eventsAlgeria 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.

1962January 8Functional responsibility for assistance to development banks is transferred to IFC. Industrial Development Bank unit is headed by A. G. El Emary.
1962January 8Bank begins its fourteenth General Training Program for 9 nationals from member countries.
1962January 9IDA Articles of Agreement signed by Greece, becoming the 57th member of IDA.
1962January 11Bank 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.
1962January 29Bank announces special mission to Iran to review the Government's Third Development Plan. Mission is headed by O. J. McDiarmid.
1962February 5New Africa Department created: Pierre L. Moussa, director, John H. Williams assistant director, Andrew Kamarck economic adviser.
1962February 8First funding for Ghana: Loan 0310 - Volta Power Project.
1962February 16EDI 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.
1962February 26IFC established advisory panel of investment bankers.
1962March 2IFC and IDA Articles of Agreement signed by Cyprus, becoming the 61st member of IFC and the 58th member of IDA.
1962March 5Staff report on multilateral investment insurance is issued.
1962March 14First funding for Swaziland: Credit 0020 - Road Project.
1962March 16Bank 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.
1962March 20President Eugene Black announces that Escott Reid will begin duties as consultant to the Bank in July 1962.
1962March 28IBRD, 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.
1962May 28EDI begins special course on development planning for French-speaking officials of developing countries. It is the first non-English language course offered by EDI.
1962April 10IDA Articles of Agreement signed by Lebanon, becoming the 60th member of IDA.
1962April 11First meeting of the Nigeria Consultative Group, convened by the World Bank.
1962April 23IDA Articles of Agreement signed by El Salvador, becoming the 61st member of IDA.
1962JuneThe Junior Professionals Recruitment and Development Program (renamed Young Professionals Program in 1966) is launched.
1962June 13At a speech to the Minnesota Bar Association, Aron Broches argues for the need for a permanent arbitration tribunal to settle international investment disputes.
1962June 21The 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.
1962June 21First meeting of the Colombia Consultative Group, convened by the World Bank.
1962June 28IFC and IDA Articles of Agreement signed by Syria, becoming the 63rd member of IFC, and the 62nd member of IDA.
1962June 29First meeting of the Tunisia Consultative Group, convened by the World Bank.
1962July 2Argentina 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.)
1962July 25IFC Articles of Agreement signed by Tunisia, becoming the 64th member of IFC.
1962July 26Fifteen persons accept appointments in New Development Advisory Service.
1962August 1IBRD Articles of Agreement signed by Togo, becoming the 76th member of the Bank.
1962August 3IDA Articles of Agreement signed by Argentina, becoming the 63rd member of IDA.
1962August 17First funding for Korea: Credit 0025 - Railway Project.
1962August 21IDA Articles of Agreement signed by Togo, becoming the 64th member of IDA.
1962August 28World 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.
1962August 28World 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.
1962August 30IFC Articles of Agreement signed by Morocco, becoming the 65th member of IFC.
1962August 31IBRD, 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.
1962August 31IBRD, 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.
1962September 4IFC Articles of Agreement signed by Togo, becoming the 68th member of IFC.
1962September 10IBRD and IFC Articles of Agreement signed by Sierra Leone, becoming the 79th member of the Bank and the 69th member of IFC.
1962September 10IBRD and IFC Articles of Agreement signed by Tanganyika (Tanzania), becoming the 80th member of the Bank and the 70th member of IFC.
1962September 13IBRD, 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.
1962September 17First funding for Tunisia: Credit 0029 - Education Project (first World Bank Group financing of education).
1962September 17Annual Meetings open at Sheraton Park Hotel in Washington, D.C.
1962September 18IFC Articles of Agreement signed by Saudi Arabia, becoming the 72nd member of IFC.
1962September 27Resident mission established in Bogota, Colombia, headed by Peyton Kerr.
1962October 5World 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.
1962October 17Eugene 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."
1962October 31Sir 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.
1962November 5IDA Articles of Agreement signed by Burma, becoming the 68th member of IDA.
1962November 6IDA Articles of Agreement signed by Tanganyika, becoming the 69th member of IDA.
1962November 7World Bank announces that Sir Leslie Melville will join the staff of the Development Advisory Service in 1963.
1962November 13IDA Articles of Agreement signed by Sierra Leone, becoming the 70th member of IDA.
1962November 16IDA Articles of Agreement signed by Dominican Republic, becoming the 71st member of IDA.
1962November 20Study undertaken of telecommunications needs in Central America and Panama; UN Special Fund finances the study; World Bank is executing agency.
1962November 21United 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.
1962December 21First funding for Morocco: Loan 0329 - Banque Nationale de Developpement Economique Project.
1963
1963International eventsCongo 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.

1963January 1George D. Woods succeeds Eugene R. Black as President of Bank, IDA, and IFC.
1963January 14Bank begins its fifteenth General Training Program for 10 nationals from member countries.
1963January 15Bank 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.
1963January 16IFC operates jointly with World Bank for first time – investment in Banque Nationale pour le Developpement Economique, Morocco.
1963February 5World 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.
1963February 7The 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.
1963February 12The 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.
1963February 18World 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.
1963February 21IBRD Articles of Agreement signed by Jamaica, becoming the 82nd member of the Bank.
1963March 6IDA Articles of Agreement signed by Nepal, becoming the 72nd member of IDA.
1963March 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.
1963March 15IDA Articles of Agreement signed by Brazil, becoming the 74th member of IDA.
1963March 26Herbert 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.
1963April 5President George D. Woods addresses UNESCO, his first public appearance since assuming office.
1963April 6First funding for Portugal: Loan 0363 - Empresa Termoelectrica Portuguesa Project.
1963April 17First funding for Cyprus: Loan 0335 - Power Project.
1963April 24IBRD and IDA Articles of Agreement signed by Niger, becoming the 84th member of IBRD and the 75th member of IDA.
1963May 2IBRD Articles of Agreement signed by Upper Volta (Burkina Faso), becoming the 85th member of the Bank.
1963May 3United 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.
1963May 8Howard C. Johnson becomes Manager of Portfolio Sales and Participations in the Marketing Department of the Bank and IFC.
1963May 13IDA Articles of Agreement signed by Upper Volta (Burkina Faso), becoming the 76th member of IDA.
1963May 16First funding for Singapore: Loan 0337 - Power Distribution Project.
1963June 19United 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.
1963July 8The World Bank helps finance a study of educational needs in Tunisia.
1963July 10IBRD Articles of Agreement signed by Cameroon, becoming the 86th member of the Bank.
1963July 10IBRD Articles of Agreement signed by Central African Republic, becoming the 87th member of the Bank.
1963July 10IBRD Articles of Agreement signed by Chad, becoming the 88th member of the Bank.
1963July 10IBRD Articles of Agreement signed by Congo (Brazzaville) (Republic of Congo), becoming the 89th member of the Bank.
1963July 10IBRD Articles of Agreement signed by Dahomey (Benin), becoming the 90th member of the Bank.
1963July 24First meeting of the Consultative Group for the Sudan, convened by the World Bank.
1963July 25Announcement to staff that President George Woods had surgery in Seattle, and is recovering satisfactorily.
1963August 2Bank 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.
1963August 26Announcement made to staff that the Bank will be open as usual on August 28, the day of the Civil Rights March in Washington.
1963August 27IDA Articles of Agreement signed by Central African Republic, becoming the 77th member of IDA.
1963September 6First funding for Malta: Loan 0351 - Power and Water Distillation Project.
1963September 10IBRD Articles of Agreement signed by Gabon, becoming the 91st member of the Bank.
1963September 10IBRD and IDA Articles of Agreement signed by Mauritania , becoming the 92nd member of the Bank and the 78th member of IDA.
1963September 16IBRD Articles of Agreement signed by Trinidad and Tobago, becoming the 93rd member of the Bank.
1963September 16IDA Articles of Agreement signed by Dahomey (Benin), becoming the 79th member of IDA.
1963September 23First funding for Mauritius: Loan 0355 - Power Project (01).
1963September 25IBRD and IDA Articles of Agreement signed by Malagasy Republic (Madagascar), becoming the 94th member of the Bank and the 80th member of IDA.
1963September 26IBRD and IDA Articles of Agreement signed by Algeria, becoming the 95th member of the Bank and the 81st member of IDA.
1963September 27IFC Articles of Agreement signed by Malagasy Republic (Madagascar), becoming the 74th member of IFC.
1963September 27IBRD and IDA Articles of Agreement signed by Mali, becoming the 96th member of the Bank and the 82nd member of IDA.
1963September 27IBRD, 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.
1963September 28IBRD and IDA Articles of Agreement signed by Burundi, becoming the 98th member of the Bank and the 84th member of IDA.
1963September 28IBRD 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.
1963September 28IBRD Articles of Agreement signed by Guinea, becoming the 100th member of the Bank.
1963September 30IBRD and IDA Articles of Agreement signed by Rwanda, becoming the 101st member of the Bank and the 86th member of IDA.
1963September 30Annual Meetings open at Sheraton-Park Hotel in Washington.
1963October 23EDI begins first Project Evaluation Course conducted in Spanish.
1963October 25First funding for Spain: Loan 0360 - Highway Improvement Project.
1963October 28IDA Articles of Agreement signed by Laos, becoming the 87th member of IDA.
1963October 29World 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.
1963November 1Marketing Department is designated "New York Office" with Howard C. Johnson as director.
1963November 4IDA Articles of Agreement signed by Gabon, becoming the 88th member of IDA.
1963November 7IDA Articles of Agreement signed by Chad, becoming the 89th member of IDA.
1963November 8IDA Articles of Agreement signed by Congo (Brazzaville) – (Republic of Congo), becoming the 90th member of IDA.
1963November 12First funding for New Zealand: Loan 0364 - Harbour Project.
1963December 5Announcement made to staff that because of President Kennedy's recent death, the Christmas party will be postponed until a date early in 1964.
1963December 9The Eugene Black Auditorium in the "new" World Bank building ("C" building) is formally dedicated, with an address by US Treasury Secretary Douglas Dillon.
1963December 9World Bank announces the publication of Planning in Pakistan by Albert Waterston, written as an EDI case study.
1963December 14First funding for Syrian Arab Republic: Credit 0046 – Road Project.
1963December 17Bank announces plan to send general survey mission to Morocco in February 1964, headed by J. W. Beyen.
1963December 19United 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.
1963December 19First funding for Tanzania: Credit 0045 - School Construction Equipment Project.

1964

1964International eventsSultanate 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.
1964January 7First joint operation of IFC with Inter-American Development Bank.
1964January 8First funding for Liberia: Loan 0368 - Roads Project.
1964February 3IBRD, 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.
1964March 16IFC Articles of Agreement signed by Korea, becoming the 77th member of IFC.
1964March 25George D. Woods delivers address before UN Conference on Trade and Development in Geneva, Switzerland.
1964March 25Cooperative relationships with the UN Food and Agricultural Organization and the UN Educational, Scientific, and Cultural Organization are established.
1964March 30EDI begins first course concerned primarily with evaluating industrial projects.
1964March 31IFC Articles of Agreement signed by Jamaica, becoming the 78th member of IFC.
1964April 2Bernard Chadenet appointed associate director of technical operations.
1964April 6Supplemental 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.
1964April 10IDA Articles of Agreement signed by Cameroon, becoming the 92nd member of IDA.
1964May 7Announcement 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.
1964May 26Orvis A. Schmidt appointed special adviser to president on matters concerning Latin America; Gerald Alter succeeds Schmidt as director of operations, Western hemisphere.
1964June 2Federico Consolo appointed to newly created post of special representative for United Nations organizations.
1964June 4IDA Articles of Agreement signed by Luxembourg, becoming the 93rd member of IDA.
1964June 24First funding for Niger: Credit 0055 - Roads Project.
1964June 29The first replenishment of IDA resources becomes effective, as eighteen governments agree to provide $753 million, which would stretch over four years.
1964July 2IDA Articles of Agreement signed by Belgium, becoming the 94th member of IDA.
1964July 7Loan equivalent to $82 million made to Nigeria to assist in financing Niger Dam.
1964July 7First 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.
1964July 24First funding for Bolivia: Credit 0062 - BPC Power Project.
1964August 3First funding for Botswana: Credit 0063 Roads and Water Project.
1964August 18First funding for Sierra Leone: Loan 0388 - King Tom Power Project.
1964August 25Michael L. Lejeune appointed director of administration to succeed the late William F. Howell, who died July 9, 1964.
1964September 7Annual meetings convene in Tokyo.
1964October 1Irving S. Friedman appointed as the economic adviser to George D. Woods, President.
1964October 14Bank makes first loan in the field of education, to the College of Agriculture of the University of the Philippines.
1964November 23First funding for Afghanistan: Credit 0068 Education Project.
1964November 24Bank 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.
1964December 14Bank announces that West African office in Abidjan, Ivory Coast, is expected to open in early 1965, headed by Alfred E. Matter.
1964December 22Adbel G. El Emary, then with IFC, appointed to succeed Pierre L. Moussa as director of Department of Operations for Africa on January 1, 1965.
1964December 22Ladislaus von Hoffmann appointed IFC director of investments, Africa, Asia, and the Middle East.

1965

1965International eventsIn 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.
1965January 20Alexander Stevenson appointed director of South Asia Department.
1965January 22Mahmud Burney appointed World Bank representative in Addis Ababa.
1965January 22Johns Hopkins Press publishes Economic Growth and External Debt, by Dragoslav Avramovic.
1965February 2Senior 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.
1965February 15Bank 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.
1965March 1Simon Aldewereld appointed a Vice President of IBRD and IDA.
1965March 5First funding for Benin: Credit 0144 - Hinvi Agriculture Project.
1965March 14Bank 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.
1965March 16Bank mission to Caracas, Venezuela for six to eight weeks, headed by Mr. Jonas Haralz and Enrique Lerdau.
1965March 23Economic mission, headed by Richard H. Demuth, arrives in Ankara, Turkey for a six week study.
1965April 8First funding for Jamaica: Loan 0408 - Highway Project.
1965May 3Economic mission arrives in Lagos, Nigeria, headed by Dragoslav Avramovic, to conduct an eight week study of the Nigerian economy.
1965May 13Andre de Lattre, Inspector of Finance (France), appointed to serve as personal adviser to George Woods for temporary period during discussions with Indian authorities.
1965June 30For the first time, World Bank commitments exceeded $1 billion.
1965July 6World 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.
1965July 19IBRD, 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.
1965July 29First meeting of the Consultative Group for Ceylon meets in Washington.
1965August 11Leonard Rist heads Bank mission to review Gezira Irrigation Scheme. Bank to bear foreign exchange costs; Sudanese government local currency costs.
1965August 17Government of Indonesia withdraws from membership in World Bank (bringing total IBRD membership to 102).
1965September 20Michael L. Hoffman appointed assistant director, Development Services Department.
1965September 23IBRD, 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.
1965September 27Annual Meetings open at Sheraton Park Hotel in Washington, D.C.
1965October 4First meeting of the Malaysia Consultative Group, convened by the World Bank.
1965December 9World 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.
1965December 14J. Burke Knapp visits Rhodesia and Zambia for talks on Kariba Dam.
1965December 15Johns Hopkins Press publishes