Reconstruction was the World Bank’s main mission until 1948. On May 9, 1947, an agreement was signed granting a reconstruction loan to France in the amount of 250 million dollars. In August 1947 there were additional reconstruction loans: to the Netherlands, Denmark, and Luxembourg.The World Bank's loans were important sources of funds for Western Europe until the Marshall Plan took over the burden of reconstruction. This freed the Bank to turn its...
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