255. Aide-Mémoire From the Embassy of the United Arab Republic to the Department of State0
Washington, April 23,
1962.
- I.
- The Embassy of the United Arab Republic has the honor to express its appreciation to the Government of the United States of America for its valuable and growing cooperation with the United Arab Republic Government.
- II.
- This constructive cooperation—in its different aspects—will undoubtedly lead to fruitful results in the relations between the two countries as well as the stability and prosperity of the Middle East.
- III.
- The visit of His Excellency, Dr. A. El Kaissouni, Minister of Economy of the United Arab Republic, and the members of his delegation is another important step in the process of exploring new possibilities for solid and extensive economic cooperation between this great country and the United Arab Republic.
- IV.
- The visit of the Minister of the United Arab Republic has a two-fold
objective:
- A.
- The conclusion of a stabilization program with the International Monetary Fund, a matter which the United Arab Republic Government finds it urgently necessary to be finalized during the visit of Dr. El Kaissouni to Washington.
- B.
- The settlement with the competent authorities of the United
States of important and urgent matters relating to the
following:
- (1)
- To begin talks in order to form a consortium to enable the United Arab Republic to implement its Economic Development Plan.
- (2)
- An agreement with the “Agency of International Development” concerning a loan program similar to that recently approved by the above-mentioned Agency for other countries. The objective of this loan is to overcome the existing temporary difficulties in the United Arab Republic Balance of Payments, resulting from the natural disaster which affected seriously our crops this year. The loan is to be used for payment of current imports.
- (3)
- An agreement for a multi-year program to provide the United Arab Republic with wheat and other surplus commodities under P.L. 480.
- (4)
- An agreement for the financing of some projects of the Five Year Plan, which are considered of high priority in the Economic Development Plan of the United Arab Republic.
- (5)
- To study ways and means for the utilization of the accumulated amounts of the Cooley Fund.
- (6)
- To explore the possibilities of expanding the areas of cooperation in the field of technical assistance.
- (7)
- To explore the possibility of the United Arab Republic benefiting from the excess surplus property program.
- (8)
- To exchange views concerning the possibilities of reaching an agreement on a grant to the United Arab Republic equivalent to 25% of the value of agricultural commodities shipped to the United Arab Republic under P.L. 480.
- (9)
- To consider forming a mixed committee to work on the above-mentioned items of this Aide-Mémoire.
- V.
- The Embassy is confident that the United Arab Republic Delegation, headed by the Minister of Economy, will receive from the United States authorities that kind of interest, constructive understanding and fruitful cooperation which the Government of the United States has always demonstrated in the past in the administration of its relations with the United Arab Republic.
- VI.
- The Embassy is also confident that the success of the talks between the American authorities and the United Arab Republic Delegation will certainly promote the good relations already existing between the two countries.
- Source: Department of State, Central Files, 033.86B11/4–2362. No classification marking. A handwritten note on the source text indicates that the aide-mémoire was handed to Walt Rostow on April 23. No record of a conversation between Rostow and either Kaissouni or other UAR officials on that day has been found.↩