Announcement of a Mission to El Salvador to Study the Country’s Economic Development Prospects and the Rio Lempa Hydroelectric Development on May 16, 1949

INTE:aNATI ONAL BAJ."'ill{ FOR RECONSTRUCTION AND DEVELOPMENT ·washington, n.c,. FOR THE PRESS ll10R IMM'.EDIATE RELEASE May 16, 1949 The International Bank for Reconstruction and Development, at the request of the El Salvador government, is sending a mission to El Salvador to study the country's economic developme11t prospects, and particular·ly the Rio Lempa hydro-electric de~elopment. El Salvador has not applied to the International Bank for a loan, but the mission is going .-there with the view to examining the possibility of participation by the Bank in the financing of development projects in that country. The mission, consisting of F. A. Consolo of the Loan repartment and Albert Waterston of the Economic Tie'partment, left Washingtvn today for El Salvador. They will be there several weeks. BANCO INTERNACI6I,IAL DE RECONSTRUCCION Y FOlVIENTO Waship,igton, D,C. BOLETIN DE PRENSA PARA PUBLICACION INMEDIATA 16 de mayo de 1949 A solicitud del gobierno salvedorefio, el Banco Internacional de Reconstruccion y Fomento ha enviado una mision a El Salvador para estudiar las probabilidades de desenvolvimiento de la economia del pais 1 particular- mente el desarrollo hidroelectrico del Rio Lemna. El Salvador no ha soli- citado ning,in prestamo al Banco Internacional,~ pero la mision va con el objeto de examinar las posibilidJes de la participacion del Banco en el financiamiento de los proyectos ·' \ desarrollo del pais. La mis ion, compuesta de F. A. Consolo del Dep~lrtamento a.~ Prestamos y Albert Waterston del Departamento de Economia, salio hoy de Washington. Estara varias semanas en El Salvador.