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International Monetary Fund. External Relations Dept.

March 31, 1971, the net borrowings of the Bank increased by $442 million. The outstanding funded debt of the Bank amounted to $5,363 million on that date. In January, the Bank entered the intermediate - term market in the United States as part of its long-range borrowing program designed to offer the Bank obligations from time to time in a variety of maturities both inside and outside the United States. The Bank offered $200 million of five-year notes dated January 15, 1971 and maturing January 15, 1976. The intermediate-term notes were offered by a new group of