Word: colombia
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...first year of operation, the IDE has granted 40 loans totaling $139.5 million to 18 Latin American countries, and the money goes faster each week-17 loans worth $49.5 million in the month since Punta del Este. Last week the IDB approved $500,000 for economic planning in Colombia, a hefty $13 million for four irrigation projects in Mexico. So solid is the bank's program of loans for basic social underpinnings that four European and five U.S. banks agreed to participate in the Mexican loan, marking the first time European bankers have risked their money on IDB projects...
...stability by lending money to meet short-term balance-of-payment problems. With the U.S. using its considerable influence to bolster the Alliance, Latin American countries have been able to withdraw an imposing $210,200,000 since March. The heaviest borrowers so far: Brazil, $60 million; Chile, $60 million; Colombia, $65 million...
...alumni in Ghana, for example, the only West baiter is Lincoln University Alumnus ('39) President Kwame Nkrumah-although he may outweigh the others. More typical are such friendly U.S. alumni as India's Under Secretary for External Affairs, the director of the Iraqi Atomic Energy Commission, Colombia's Minister of Mines, and Venezuela's Minister of Finance. What seems significant is the Argentine pattern of students who leave for the U.S. as rabid anti-Yankees, return emphatically...
...Eisenhower-era years, Douglas Dillon laid down U.S. policy for negotiations under the 38-nation General Agreement on Tariffs and Trade (GATT). He teamed up with the Export-Import Bank and the International Monetary Fund to work out loan deals that eased temporary balance-of-payments problems for Brazil, Colombia, Britain, the Philippines, Chile and India. He took an immense interest in Latin American affairs, represented Ike at last September's Bogota conference, which programed the spending of $500 million in U.S. development grants. Dillon's monument was the Organization for Economic Cooperation and Development-a Marshall Plan...
Unknown to Cadon, Flight 501 had a VIP aboard. Colombia's Foreign Minister Julio Cesar Turbay Ayala had been in Mexico, was on a tour of Latin American capitals to unify opposition to Castro's Cuban Communism. The Colombian government snapped off a demand for the immediate release of its foreign minister, said that any other action would be "an official act of hostility...