Argentina's energetic little Finance Minister, Ramon Cereijo, bounced aboard his FAMA plane at New York's Idlewild Airport one morning last week, and flew homeward with gladsome news. Argentina had been promised $200 million in U.S. Government and private bank credits. A formal announcement was expected within a few days.
Some $125 million of the credits already had been approved by President Truman's National Advisory Council. All of that sum will go to liquidate Argentina's outstanding commercial debts and help re-establish her good credit abroad. In addition, friendly, persuasive Cereijo had got a promise of $75 million from the National City...
To continue reading:
or
Log-In
