THE AMERICAS: Exit Shrugging

"The U.S. gave us too few 'yesses' but their 'noes' were said with grace," remarked a Latin American delegate to the inter-American economic conference at Rio. To the end last week, the U.S. delegation stuck amicably but steadfastly to the main line laid down at the beginning by Secretary of the Treasury George Humphrey: a promise of "expanded" loans from the Export-Import Bank and the World Bank, together with an urgent recommendation that the Latin nations try to attract more private U.S. capital.

The firmest U.S. no went to the idea the Latinos cherished most: an interAmerican bank, with capital supplied...

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