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The eighteenth annual report of the International Bank for Reconstruction and Development, covering the fiscal year July 1, 1962–June 30, 1963, was presented to the Board of Governors on September 30, 1963. The report noted that the number of loans under preparation in the Bank had increased in the period under review, and although it happened that the total of funds lent declined from the previous year, there was no corresponding decline in the number of loans actually made.
A Wed, study studied this question.