December 17th, 1955
World Bank Studies High Dam Loan Structure
Washington
Under Eugene Black, the World Bank examined possible financing arrangements for the costly Aswan project alongside Western government aid.
World History Database / Suez War / Those involved
Eugene Black
United States of America
World Bank President
6 archival records
January 15th, 1956
World Bank Evaluates Egypt Repayment Capacity
Washington
World Bank officials studied the ability of Egypt's economy to absorb debt and manage the large requirements of a High Dam investment.
March 20th, 1956
Bank Loan Depends on Additional Government Grants
Washington
The World Bank financing plan depended on accompanying American and British grant support rather than a standalone Bank loan.
June 1st, 1956
Bank Financing Remains Conditional on Aid Partners
Washington
The World Bank did not have a completed independent financing arrangement because its contribution relied on outside government grants.
July 20th, 1956
World Bank High Dam Package Collapses
Washington
The Bank's proposed financing could not proceed as structured after the United States and Britain withdrew the supporting grant offers.
October 1st, 1956
Bank Relationship Suffers From Funding Collapse
Washington
The World Bank's failed Aswan financing initiative left lasting distrust in Egypt about the institution's independence from major shareholders.