Announcement that the Bank is Sending a Mission to the Union of South Africa on July 21, 1950

ADVAMCE REIEA.SE ADVANCE RELEASE INTERNATIONAL BANK FOR . .RECONSTRUCTION AND D!:vEIDPMENT Wasbitlgton FOR THE PRESS FOR RELEASE A.M. Papers PRESS RELEASE ,No. 196 Friday, July 21, 1950 The International Bank tor Recone1tructibn and Development announned today that after consultation with the Union Government it :ts sending a mission to the Union ot South Africa. The mission will make a general 11 sti.u~y ot economic and financial conditions in the countr.y,. and dis~uss w\th the Union authorities the:,.r plans tor development •. E. G. Burland of the Loan Depa:rtment or the B.ank will be Chief or the Mission. others are ?1artin M. Roeen, Chief EconO?Dist, John H. Collier, • Assistan·t Economist, and A. D. Spottswood., EJ1gineerlng Adviser •. The group is expected to ari;-ive in Johannesburg on July ..30, and will remain in South Africa from four to six wef)ks. Robert L. Garner, Vice Pr~sident, visited the Union~· 118.rch o:t this year to observe at first hand the general situatton in·the country with .a view to obtaining a 1;,etter 1:J?lde;rstanding of the factors ~volved tn·i~s econontlc a_ncl financial development!' ()