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World Bank - First country to receive a World Bank loan

Time: Friday May 9, 1947

Place: France

Details: The first country to receive a World Bank loan was France. The Bank's president at the time, John McCloy, chose France over two other applicants, Poland and Chile. The loan was for US$250 million, half the amount requested, and it came with strict conditions. France had to agree to produce a balanced budget and give priority of debt repayment to the World Bank over other governments.



Francesco Totti
Francesco Totti-ESM European Golden Shoe award
Sunday Jun 17, 2007 - Paris, France
Christine Lagarde
Christine Lagarde-Graduated
1973 - Paris, France
Napoleon Bonaparte
Napoleon-Acte de déchéance de l'Empereur
Saturday Apr 2, 1814 - Luxembourg Palace, Paris, France
Napoleon Bonaparte
Napoleon-Alexander addressed the Sénat conservateur
Friday Apr 1, 1814 - Luxembourg Palace, Paris, France
Algerian War Image
Algerian War-The Évian Accords
Sunday Apr 8, 1962 - France

On This Day - 9 May

German revolutions of 1848–1849-Wagner left Dresden for Switzerland to avoid arrest
Wednesday May 9, 1849 - Central Europe (Present-Day Switzerland)
German revolutions of 1848–1849-German composer Richard Wagner engaged in the revolution in Dresden
Wednesday May 9, 1849 - Central Europe (Present-Day Dresden, Saxony, Germany)
German revolutions of 1848–1849-Uprisings occurred in the Rhenish
Wednesday May 9, 1849 - Central Europe (Present-Day North Rhine-Westphalia, Germany)
Winston Churchill
Winston Churchill-Churchill had won the doubters over and his successor as party leader was a formality
Thursday May 9, 1940 - London, England, United Kingdom
Resignation of the non-Communist ministers in February 1948
1948 Czechoslovak coup d'état-The Parliament approved a New Constitution
Sunday May 9, 1948 - Prague, Czechia (Then Czechoslovakia)

May 1947

International Monetary Fund Headquarters
International Monetary Fund-The first borrower
Thursday May 8, 1947 - Washington D.C., U.S.
Lucky Luciano Image
Lucky Luciano-Released him
Sunday May 11, 1947 - Palermo, Italy


Samsung wordmark (Logo) - image
Samsung-Moving To Seoul
1947 - Seoul, South Korea
Shimon Peres Main Image
Shimon Peres-Predecessor of the Israel Defense Forces
1947 - Israel
Margaret Thatcher Image
Margaret Thatcher-Graduation
1947 - Oxford, England
Portrait of Astronaut Neil A. Armstrong, commander of the Apollo 11 - image
Neil Armstrong-Education
1947 - Purdue University, West Lafayette, Indiana, U.S.
Fidel Castro Image
Fidel Castro-The Party of the Cuban People
1947 - Havana, Cuba