ECONOMICS: Money from the Bank

To further the industrial revolution in Yugoslavia, the World Bank last week gave Communist Marshal Tito a $30 million loan. The loan will include no dollars, but it will be the biggest mixture of European currencies ever passed in one package by the World Bank—some $10 million in French francs, $7,500,000 in Swiss francs, the rest in British pounds, Belgian francs, German marks, Austrian schillings, Italian lire, Dutch guilders, Norwegian kroner and Swedish kronor.

The World Bank (a loan pool of 54 nations, started at Bretton Woods, N.H. in 1944) said that the money would go into 27 construction...

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