553. Editorial Note

On October 25, the International Bank for Reconstruction and Development made a loan of $25.5 million to the Administración General de las Usinas Eléctricas y los Teléfonos del Estado (UTE). The loan was to help finance the construction of a hydroelectric power plant at Rincon de Baygorria on the Rio Negro. The project was expected to increase generating capacity in Uruguay by about one quarter. The loan documents were signed in Washington on October 25 by Julio A. Lacarte Muró, Ambassador of Uruguay on behalf of the Republic of Uruguay; Orestes L. Lanza, President of [Page 1106] UTE, on behalf of the borrower; and W.A.B. Iliff, Vice President, on behalf of the International Bank for Reconstruction and Development. Documentation is in Department of State, Central File 103–XMB. For additional information, see International Bank for Reconstruction and Development, Twelfth Annual Report of the Bank, for the fiscal year July 1, 1956 to June 30, 1957 (Washington, 1957), pages 44–45.