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Swelling Demand. Until now, Spain's attempts to rebuild its burned bridges have been largely cultural: Madrid assists 55 Hispanic Cultural Institutes and 29 other centers overseas, provides grants for 1,500 of the 15,500 Latin Americans now studying in Spain. Last March Spain agreed to provide $20 million for Latin American projects financed through the Inter-American Development Bank. But loans under the new credit program may be arranged directly with individual countries since they will be used to pay for the purchase of Spanish trucks, industrial machinery and other manufactures. Owing to a swelling demand for imports, Spain is heading for a $200 million balance-of-payments deficit in 1965 and must find export markets for her growing factory output. Explains Láureano López Rodó, 44, Franco's top economic planner: "Credits are a means of selling, and since our fundamental problem now is our export problem, I believe we should try to put ourselves in a competitive position."