Chile: the balanced view : a recopilation of articles about the Allende years and after

Table J RECENT BANK LOANS TO CHILE: A CHRONOLOGY /97/ July 8 October Oecember 9 1972 November 22 November 24 1973 March 6 March-April May 16-June 2 May 24 142 There were no World Bank loans to Chile from January 1971 through Oecember 1973. The Inter-American Oevelopment Bank did approve two loans ($7 million and $4.5 million) to Chilean prívate uníversíties on January 14, 1971 but made no subsequent new loans to that country. Chile hit by severe earthquake. The IOB Executíve Oirectors agree to allow $16 million to be . d iverted from pend ing but delayed loans to Chile to reconstruction and rehabilitation efforts in areas hit by the earthquake. Nine con– tracts were converted lor this emergency use and earmarked for rapid disbursement during late 1971 and early 1972. lOS modífies an earlier (1969) loan originally designed to promote private enterprise in Chile. The límit on funds that might be lent to firms in which the Chilean government held capital stock was raised from 10 percent to 45 percent. Chilean Minister of Finance informs Sank 01 his governmént's ínterest in having IOB finance exchange costs 011972-9 electrifica– tíon programo General manager of ENOESA (Chilean state electríficatíon enter– prise) presents documents to background financing request; these are received by IOB ín January 1973. An lOS loan committee 'considers hydroele(.jtric project applica– tíon summary and authorizes an on-síte inspection, Exchange 01 letters between World Bank and President Allende; agreement by IBRO to províde a loan for preinvestment technical assistance (in order that a pipeline of future projects could be developed), Study mission carries out activities in Chile on the IOB electrifica– 'ti.on project proposa!. Letter to lOS lrom Chilean Finance Minister expresses much inte– rest in obtaining financing for Antuco hydroelectric project.