A City Guide To Zhenlai for The borrower must be unable to secure a loan from any other source and the borrower must show that the project is technically feasible and economically sound. Repayment is ensured, via member countries guaranteeing loans made to private concerns within their territories. Subsequent to the loan being granted, periodic reports regarding the loan’s use and the project’s progress are required from both the borrower and the bank’s own observers. History. The bank did not begin operations until 1946, at which time its initial efforts were geared toward reconstruction of postwar Europe. In the mid-1950s, the bank began financing investments in infrastructural projects in developing nations, including roads, water facilities, and ports. Since the late 1960s, the majority of loans have been granted to developing nations in Latin America, Africa, and Asia. A City Guide To Zhenlai 2016.