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Document Features:
- Issuer: International Bank for Reconstruction and Development (IBRD)
- Value: Italian Lire 500,000 per bond
- Total Issuance: Italian Lire 25,000,000,000 nominal capital
- Interest Rate: 7% per annum
- Date of Issue: 1972
- Maturity Date: 1987
- Series: Represented by 50,000 bonds of Italian Lire 500,000 each
- Location of Issuance: Washington, District of Columbia
Historical Context:
The International Bank for Reconstruction and Development, commonly known as the World Bank, was established in 1944 to provide financial and technical assistance to developing countries around the world. The goal was to reduce poverty and support development by providing loans and grants for various projects that improve infrastructure, education, health, and other vital sectors.
Company Background:
- Formation and Purpose: The IBRD was created as part of the Bretton Woods Agreement to assist in the reconstruction of countries devastated by World War II and to promote economic development and stability globally. Over the years, the IBRD has played a crucial role in funding projects that stimulate economic growth and reduce inequalities.
- Operations: The IBRD raises funds by issuing bonds in the international capital markets. These bonds are purchased by investors seeking stable returns and are backed by the financial strength and creditworthiness of the IBRD.
Detailed Features of the Bond:
- Value: Each bond is valued at Italian Lire 500,000.
- Interest Rate: The bond carries an interest rate of 7% per annum, paid annually.
- Issuance and Maturity Dates: Issued in 1972, with a maturity date in 1987.
- Series Details: The bond is part of a large issuance totaling Italian Lire 25,000,000,000, divided into 50,000 individual bonds.
Representation:
The illustration provided gives a detailed depiction of the headquarters of the International Bank for Reconstruction and Development. The building represents the institution's commitment to supporting global development with its grand architectural design and prominent display of the organization's name. The headquarters reflect the IBRD's significant role in the international financial system and its ongoing efforts to promote sustainable development.
Significance:
This historical collector's bond is not only a financial instrument but also a piece of global economic history. It represents the efforts of the IBRD to mobilize financial resources for development projects worldwide. The bond is a testament to the organization's strategic initiatives to raise capital and support its mission of reducing poverty and fostering development.
Conclusion:
Collectors and historians will find this bond to be a valuable artifact, offering insights into the financial practices and economic conditions of the early 1970s. It serves as a reminder of the dynamic history of the International Bank for Reconstruction and Development and its impact on global development.
