World Bank, Luxembourg Mark 75 Years of Shared History
August 29, 2022
August 29, 2022
WASHINGTON, Aug. 29 -- The World Bank issued the following news release on Aug. 28, 2022:
Seventy-five years ago today, the newly established International Bank for Reconstruction and Development (IBRD), now known as the World Bank, made its first and only loan to Luxembourg. The loan was IBRD's fourth loan, laying the foundation for Luxembourg's steel industry and playing a key role in supporting the country's economic recovery in the aftermath of World War II.
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Seventy-five years ago today, the newly established International Bank for Reconstruction and Development (IBRD), now known as the World Bank, made its first and only loan to Luxembourg. The loan was IBRD's fourth loan, laying the foundation for Luxembourg's steel industry and playing a key role in supporting the country's economic recovery in the aftermath of World War II.
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