Word: bogota
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...dozen years after George Marshall went to Bogota and bluntly told the U.S.'s Latin American neighbors that as compared to Europe they had no priority for U.S. aid, the U.S. last week returned to the same city and picked up the pieces. On this occasion, the third meeting of the two-year-old Committee of 21 on economic development, Washington sent its best delegation in Latin American memory, headed by Under Secretary of State Douglas Dillon, who brought along the new $500 million Eisenhower plan...
...fundamental task at Bogota," said Dillon, "is to outline the route by which the peoples of the Americas can achieve the material progress they desire without any sacrifice of fundamental freedoms. We must bring fresh hope to the less privileged, help them to replace a hovel with a home, to acquire ownership of land." The Eisenhower plan is only "a first step. We expect to continue our support with new funds." He spoke directly to Schmidt's fears: The new social reform program is "in addition to, and not in substitution for, assistance for basic economic and industrial development...
Blocking the Cubans. By the end of the second day, Ecuador called for a Latin American vote of thanks to the U.S. Oldtime Critic Schmidt joined in: "Brazil is grateful to the U.S." Dillon walked around the meeting table in Bogota's Military Club, seized Schmidt in a back-patting hug as delegates applauded...
...This week the U.S. delegation to Bogota will offer its first installment on the solution: the $500 million Eisenhower plan voted by Congress last week. Measured against the need, the sum is small. It is less than the amount lost by Latin America this year because of the adverse terms of trade; it is only twice as much as the capital expected to be taken this year from the region for repayment to the Export-Import Bank. Brazil's chief delegate to the Bogota meeting, Augusto Frederico Schmidt, author of Brazil's Operation Pan American, which asks...
...deliberately aimed at producing quick, visible results, such as low-cost housing. It does not tackle the hard, basic job of building an industrial economy that will routinely produce good-paying jobs and good housing. Doing that job, says Under Secretary of State Douglas Dillon, U.S. delegation chief at Bogota, and a thoughtful banker with a refreshing disdain for diplomatic cant, may easily cost $10 billion...