Word: guianas
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Dates: during 1960-1969
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Indeed, British Guiana has been hard pressed of late in its attempts to secure financial assistance from Western sources. While the British government offered some aid, it was not nearly enough for any visible industrial development. And although the World Bank has offered a small capital loan of B.W.I. $2.25 million, this could only be used for credit to private individuals or cooperative societies for development in the areas of agriculture, forestry, and fishing. To a country like British Guiana, which is hoping to industrialize as rapidly as possible and needs capital to do this, agricultural loans must seem...
When all these attempts to obtain financial assistance failed, Jagan's government resorted to the austerity measures that provoked the Georgetown rioting last February. The incident prompted the British government to postpone indefinitely final independence for British Guiana--something Britain has been promising since it first granted the country self-government...
...great pressure from the United States to enforce some kind of economic blockade of Cuba, has become increasingly concerned about Dr. Jagan's trade relations with the Castro regime. And it does not look as if the British government is in any hurry to grant independence to a neutralist Guiana...
...does not seem to have requested aid from the Soviet bloc countries. This does not mean, however that such aid has not been available. East Germany offered last spring to build ten factories, for example, and recently Soviet geologists discovered extensive oil fields in British Guiana--fields which similar American and British experts completely missed...
...this indicates that if the West doesn't come across soon with substantial capital loans, British Guiana may be driven from its present position of neutralism into much closer alignment with the Soviet nations. Dr. Jagan professes to believe in political democracy, even if he is a socialist in his economic orientation. Geographically and historically British Guiana identifies with the West. It would be unfortunate, then, if Dr. Jagan felt that economic necessity was forcing him into close alliance with Russian and Chinese Communism...