Word: inter-american
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During his visit, Managing Director Baker announced that TIME is ready to help organize a 1956 Asian investment conference along the lines of the highly successful inter-American meetings we co-sponsored in New Orleans early this year...
...inter-American economic conference in Rio last year, Treasury Secretary George Humphrey promised the free nations of the world that the Eisenhower Administration would back the idea of a sort of international RFC to lend to private enterprise abroad (TIME. Nov. 22). Last week the U.S. made good its promise. World Bank President Eugene Black proposed that an International Finance Corp. be chartered with $100 million in capital, membership of the 56 nations "that belong to the World Bank. Principal customers will be businessmen in underdeveloped countries who need capital but object to the meddling that comes with government-guaranteed...
...pleased to publish this week is Partnership in New Orleans, a new kind of economic conference which achieved impressive results last week. Some of you may recall that I used this space in two recent issues of TIME (Jan. 24 and Feb. 21) to talk about the Inter-American Investment Conference in New Orleans. What happened at the conference both astonished and pleased some of the most hardheaded experts in the international investment world...
...Orleans last week, Dr. Milton Eisenhower, the President's special emissary to Latin America in 1953, set the keynote for a new kind of economic conference. Its purpose: to boost future U.S. investment in Latin America through a partnership of businessmen instead of governments. The first Inter-American Investment Conference achieved a notable goal: in many a deal North Americans tentatively agreed to furnish capital for Latin America...
Every day the mail brings evidence that the four-day Inter-American Investment Conference, opening in New Orleans Feb. 28 under TIME'S cosponsorship, is going to be one of the important international economic events of 1955. More than 500 businessmen are coming, including representatives from 22 countries, ranging from eight from Paraguay to more than 50 each from Cuba and Venezuela. We are naturally pleased that business leaders of the Americas are taking this chance to get together and discuss problems and prospects for more U.S. private investment in Latin America...