Word: aswan
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Dates: during 1950-1959
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...breath of professionals for its daring and won the assent of kibitzers for its instinctive rightness. With an open show of sternness, Secretary of State John Foster Dulles advised Egypt's President Gamal Abdel Nasser that the U.S. is no longer interested in building the $1.3 billion Aswan High...
Dangling Offer. Seven months ago the U.S. offered Egypt a preliminary $56 million loan to start construction at Aswan. Aided by Britain ($14 million) and the World Bank ($200 million), the U.S. was willing to supply the major part of the capital to finish the mighty three-mile dam. But the offer was left dangling. Nasser, who had mortgaged $200 million worth of cotton not yet planted as barter for Czechoslovakian weapons, occupied himself by recognizing Red China and by planning a trip to Moscow. And when Soviet Minister Dmitri Shepilov visited Cairo last month, Nasser's spokesman whispered...
Soviet Foreign Minister Dmitry Shepilov reportedly has offered an easy-credit loan to help Egypt build its High Dam on the Nile at Aswan. Egypt's President Gamal Abdel Nasser is happy to have a counteroffer to set against the $270 million primary financing proposed by the U.S., Britain and the World Bank. (The Western offer awaits some ironing out of details, and is also stalled by U.S. reconsideration of where Nasser stands since his arms deal with Communist Czechoslovakia.) To get the Russian loan, Nasser would have to mortgage Egypt's all-important cotton crops...
...than on the international appeal of the policies he is obliged to follow. Right from the start of his Middle Eastern tour, Shepilov ran into one setback after another. In Cairo, Shepilov's indication that Russia was prepared to underwrite the entire cost of the High Dam at Aswan was received with polite evasiveness by his old friend Lieut. Colonel Nasser, who, up until now at least, has indicated a clear preference for having the U.S., Britain and the World Bank finance...
...dependent on the West alone. Now, as Foreign Minister, Shepilov was, back to inspect his handiwork. This time he also came bearing gifts, or the offer of gifts. Shepilov hoped to wean Nasser from his bargain with U.S., Britain and the World Bank to finance the High Dam at Aswan...