Word: dillons
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Dates: during 1960-1969
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...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...
Erasing the Doubts. The prestigious U.S. delegation, headed by Dillon and including U.S. Inter-American Development Bank Director Robert Cutler, ICA Latin American Chief Rollin Atwood, Development Loan Fund Managing Director Vance Brand, Assistant Treasury Secretary Graydon Upton, listened, argued, learned. Dillon's speech erased most of the Latin Americans' doubts...
...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...
Never before at an inter-American conference had the U.S. coupled such exalted goals with such hard promises of hard cash-loans for long terms, loans at low interest, loans in both hard and soft moneys, loans for social development. Dillon and his men sought out the delegates, spelled out the changed U.S. posture. They urged the Latin Americans to create an attractive climate for foreign investors and local capitalists, but made it clear that Washington no longer insists on private capital as the all-purpose solution for development woes...
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...