1997 - INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT

Description of the Historical Document

This document is a bearer bond issued by the International Bank for Reconstruction and Development as part of its Global Multicurrency Note Program. The key features of this bond include:

• Value: 1,000 NZD (New Zealand Dollars)
• Total Principal Amount: 100,000,000 NZD
• Interest Rate: 8.0% per annum
• Issue Date: May 29, 1997
• Maturity Date: 2007
• Form of Note: Bearer
• Paying Agent: Morgan Guaranty Trust Company of New York
• Listing: Luxembourg Stock Exchange

Historical Context

Established in 1944 during the Bretton Woods Conference, the IBRD was created to help Europe rebuild after World War II. Over the decades, its focus expanded to include global poverty reduction and sustainable development. The World Bank provides financial products and policy advice to support development projects that improve economic prospects and quality of life for people in developing countries.

Article

This 1997 bearer bond issued by the International Bank for Reconstruction and Development is a significant collectible item that highlights the World Bank's efforts in mobilizing financial resources for global development. The bond, part of a larger issuance totaling 100,000,000 NZD, offers an 8.0% annual interest rate and was listed on the Luxembourg Stock Exchange. Collectors and historians value such documents not only for their financial history but also for their role in supporting economic development and poverty reduction worldwide.

Illustration

The image below represents the headquarters of the International Bank for Reconstruction and Development, symbolizing its pivotal role in global financial stability and development.

This bond, with its detailed and ornate design, serves as a reminder of the World Bank's commitment to fostering economic development and reducing poverty on a global scale.