... remains the largest source of development assistance. This assistance is intended primarily for projects that were unable to attract private investment. In 1947 the first ever loan was approved to Credit National of France for $250 million, which was the largest loan in real terms made by the Bank in its first fifty years. Among other things, the money were used ... Copenhagen, to oversee loan expenditure. During this time it was also agreed that the interest rates paid by borrowing countries be the same for all courtiers, irrespective of their individual credit rating. By November 1948...

• Word Count: 864
• Approx Pages: 3

... to other CIS countries, when looked outside at other transition economies they are just average. Belarus also has the benefit of cheap energy imports from Russia. Thirdly, by provided large credit to enterprises and subsidies, the state protected output from falling at an early stage of the transition. Lastly by not privatizing large enterprises gave the state control of the assets ... ...

• Word Count: 897
• Approx Pages: 4
• Has Bibliography
• Grade Level: Undergraduate