“The intention of the US found its feature through a clear formulation in the Agreement for the IBRD. The “purposes of the Bank” were defined as follows: “To promote private foreign investment by means of guarantees or participations in loans and other investments made by private investors; and when private capital is not available on reasonable terms, to supplement private investments by providing, on suitable conditions, finance for productive purposes out of its own capital, funds raised by it and its other resources””

— Nico Perrone

Source: The international economy from a political to an authoritative drive, p. 130

Adopted from Wikiquote. Last update June 3, 2021. History

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Nico Perrone 16

Italian historian and writer 1935

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