What happened May 1947 AD - Historydraft

Historydraftbeta

Washington D.C., U.S.
Thursday May 8, 1947
International Monetary Fund
The first borrower
Washington D.C., U.S.
Thursday May 8, 1947
On 8 May, France became the first country to borrow from it.

Continue in Storyteller
France
Friday May 9, 1947
World Bank
First country to receive a World Bank loan
France
Friday May 9, 1947
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.

Continue in Storyteller
Palermo, Italy
Sunday May 11, 1947
Lucky Luciano
Released him
Palermo, Italy
Sunday May 11, 1947
On May 11, a regional commission in Palermo warned Luciano to stay out of trouble and released him.

Continue in Storyteller

<