Word: inter-american
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...spend on all foreign aid programs through fiscal 1949. The jolting total: $9,333 million. Major items in addition to ERP: $1.4 billion for government and relief in occupied areas; $570 million for aid to China; $430 million for Greek-Turkish aid, Japanese-Korean reconstruction, Trieste aid and inter-American military cooperation; $133 million for Philippine war damage...
Even such sums, spent for agriculture, would probably not satisfy the Latin Americans, who also want dollars to help them build industry. In preparation for Bogota, therefore, Bill Pawley hoped to sell the U.S. State Department the Colombian scheme for a U.S.-financed Inter-American bank to make hemispheric-development loans...
Washington's Institute of Inter-American Studies reported last week that more than half the return on U.S. investments abroad now comes from Latin America...
...whiskey was a bet between Martínez and mustachioed Engineer Hernando González Varona, who will use almost any means to get the Capitol ready for the Inter-American Conference in March. At week's end, with a few minor figures still to paint, Martínez knew he would not make the deadline. Thereupon, Engineer González extended it to Christmas Eve. "I want to lose," he said. "Those two jugs are just a starter for the celebration...
Almost everyone agreed that Jan. 17 would be a poor time to open the Inter-American Conference at Bogotá (TIME, Nov. 17). The U.S. would be deeply involved in Marshall-Planning; its first-string team of diplomats, Senators and Congressmen would be too busy with Europe to think about Latin America. Latin Americans wanted to be sure that their pleas for economic aid would be heard by the right ears. Besides, the diplomats still had a lot to do before they were ready for the conference business of strengthening the hemisphere system...