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Bank's ordinary capital, and $50 million was for the second and last payment on the contribution quota to the Fund for Special Operations. Of the latter amount, $25 million was in the form of nonnegotiable, non-interest-bearing notes.

157. ACCOMPLISHMENTS OF THE ALLIANCE FOR PROGRESS DURING THE PERIOD MARCH 13-DECEMBER 31, 1961: Report of the National Advisory Council on International Monetary and Financial Problems, Submitted February 8, 1963 (Excerpt) 6

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As indicated in the preceding Semiannual Report of the Council.es a Special Meeting of the Inter-American Economic and Social Council at the ministerial level was held at Punta del Este, Uruguay, August 5 to 17, 1961. The U.S. delegation was headed by Secretary of the Treasury Douglas Dillon.. The meeting resulted in the "Declaration to the Peoples of America" and the "Charter of Punta del Este" " which established the framework of the Alliance for Progress. Through the Charter, the American Republics agreed to unite in a common effort in support of accelerated economic and social development. Resolutions were adopted in the specific fields of (1) Economic and social development, (2) Economic integration, (3) Basic export commodities, (4) Annual review of economic and social progress, and (5) Public opinion and the Alliance for Progress. These resolutions were appended to the Charter.

To assist in achieving the aims of the Alliance, it was agreed that over the next 10 years Latin America would need at least $20 billion in external resources, including private as well as public investment, to supplement its own efforts. For their part, the countries of Latin America agreed to contribute a steadily increasing share of their own resources within the framework of country development plans. As an immediate contribution to economic and social progress in Latin America, the United States committed itself to provide in excess of $1 billion during the 12 months from March 13, 1961, when the Alliance for Progress was announced."1

In the period from the inception of the Program in March 1961 through the end of the period under review, the United States had authorized a total of $907.8 million to 18 countries in Latin America, including $116 million authorized by the Inter-American Develop

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H. Doc. 69, 88th Cong., Feb. 14, 1963, pp. 26-28. Part VII of the NAC report. H. Doc. 402, 87th Cong., May 10, 1962, pp. 20–21.

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ment Bank as Administrator of the Social Progress Trust Fund."2 Over 87 percent of this total was in the form of loans. (See table 15.) With respect to purpose, approximately $560 million was authorized to assist in financing commodity imports, and, among the larger items, a total of $179 million for housing, transportation and communication, and water supply and sanitation. The major portions of total assistance approved during this period were provided by the Export-Import Bank and the new Agency for International Develop(See table 16.) Through the first full year of the Program to February 28, 1962, the United States authorized a total of over $1 billion in 19 countries, including approximately $130 million from the Social Progress Trust Fund.

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TABLE 15.-U.S. economic assistance to Latin American Republics, by country and type of assistance, Mar. 13 to Dec. 31, 1961

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See American Foreign Policy: Current Documents, 1960, pp. 290–292. 13 See the unnumbered title, post, p. 1297.

TABLE 16.-U.S. economic assistance to Latin American Republics, by purpose and program, Mar. 13 to Dec. 31, 1961

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NOTE.-Detail will not necessarily add to totals due to rounding.

Includes ICA technical cooperation and special assistance projects for which distribution by type of activity is not available.

Source: Agency for International Development.

D. Canadian-United States Relations

158. CANADIAN-UNITED STATES INFORMAL DISCUSSIONS ON "A WIDE RANGE OF INTERNATIONAL PROBLEMS AS WELL AS BILATERAL QUESTIONS OF INTEREST TO THE TWO COUNTRIES": Joint Communiqué Issued at Washington by the President of the United States (Kennedy) and the Prime Minister of Canada (Diefenbaker), February 20, 1961 1

President Kennedy and Prime Minister Diefenbaker met today in Washington to discuss informally a wide range of international problems as well as bilateral questions of interest to the two countries. The Secretary of State, Mr. Dean Rusk, and the United States Ambassador-designate to Canada, Mr. Livingston Merchant, assisted in these discussions together with the Secretary of State for External Affairs, Mr. Howard Green, and the Canadian Ambassador to the United States, Mr. Arnold Heeney.

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1 White House press release dated Feb. 20 (text as printed in the Department of State Bulletin, Mar. 13, 1961, pp. 371–372).

The President and the Prime Minister welcomed this early opportunity for a friendly exchange of views between neighbors, in a tradition consistent with the long and intimate association between the peoples of Canada and the United States.

The President and the Prime Minister reviewed defense and security problems in all their aspects. They reaffirmed their purpose to work together for peace and freedom in the world. They expressed their readiness to cooperate wholeheartedly with all countries which sincerely seek this objective whatever the differences in approach or outlook. They recognized the central importance of the United Nations, as well as the essential role of direct diplomatic negotiation, in the pursuit of peaceful settlements. They agreed on the need to work steadily towards effective agreements under international control in the field of disarmament.

In reviewing the bilateral problems between the two countries, emphasis was placed upon the various consultative arrangements of a formal and informal character which have been developed between the United States and Canada as a valuable supplement to the traditionally close and friendly relations between the two governments. The President and the Prime Minister noted with satisfaction that joint meetings are about to take place in Canada between members of both houses of the federal legislatures of the two nations.2

The President and the Prime Minister re-emphasized the importance of close consultation on economic matters. They announced that the joint United States-Canada Committee on Trade and Economic Affairs will meet in Washington, D.C., on March 13.3 This joint Committee at Cabinet level has been of great value over the years in furthering understanding between the two governments on questions affecting economic relations of the two countries.

159. SIXTH MEETING OF THE JOINT UNITED STATESCANADIAN COMMITTEE ON TRADE AND ECONOMIC AFFAIRS, WASHINGTON, MARCH 13-14, 1961: Joint Communiqué Issued March 14, 1961 *

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1. The sixth meeting of the Joint United States-Canadian Committee on Trade and Economic Affairs was held at the Department of State, Washington, March 13 and 14.5

Reference to the fourth meeting of the Canada-United States Interparliamentary Group, held at Ottawa and Quebec City, Feb. 22-26, 1961; for reports of the chairmen of the Senate and House delegations to this meeting, see S. Doc. 27. 87th Cong., Mar. 17, 1961, and H. Doc. 224, 87th Cong., Apr. 13, 1961.

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See infra.

Department of State press release No. 135 (text as printed in the Department of State Bulletin, Apr. 3, 1961, pp. 487-489). The committee was established Nov. 12, 1953; see TIAS 2922 (5 UST 314 and 223 UNTS 139) and American Foreign Policy, 1950-1955: Basic Documents, p. 1404.

For the text of the communiqué issued at the close of the fifth meeting, Feb. 16-17, 1960, see American Foreign Policy: Current Documents, 1960, pp. 305–308.

2. Canada was represented at the meeting by the Honorable Donald M. Fleming, Minister of Finance; the Honorable George Hees, Minister of Trade and Commerce; the Honorable George C. Nowlan, Minister of National Revenue; and the Honorable Alvin Hamilton, Minister of Agriculture. The Canadian delegation included the Under Secretary of State for External Affairs, Mr. N. A. Robertson, and the Canadian Ambassador to the United States, Mr. A. D. P. Heeney. 3. The United States was represented by the Honorable Dean Rusk, Secretary of State; the Honorable George W. Ball, Under Secretary of State for Economic Affairs; the Honorable Douglas Dillon, Secretary of the Treasury; the Honorable Henry H. Fowler, Under Secretary of the Treasury; the Honorable Luther H. Hodges, Secretary of Commerce; the Honorable Stewart L. Udall, Secretary of the Interior; and the Honorable Orville L. Freeman, Secretary of Agriculture. The United States delegation also included the Honorable George C. McGovern, Food for Peace Coordinator.

4. Inasmuch as this was the first meeting of this Committee since the new United States Administration took office, there was a comprehensive review of basic economic relationships between the two countries as well as recent major economic developments.

5. The Committee noted the positive steps taken by both governments to stimulate the two economies and to meet the unemployment problem, and expressed belief that these measures and market forces would lead to an expansion of economic growth in the United States and Canada.

6. The Committee reviewed the balance of payments situation of each country including its effect on their mutual trade relations. Attention was also given to developments in the world payments position during the past year. The United States delegation pointed to the major significance of short term capital movements in 1960 and described the recent improvement in the U.S. position in this regard, while stressing that its basic imbalance nevertheless remains. The Committee recognized the need for continued progress toward international balance through reduction in basic deficits and basic surpluses; and it was agreed that the events of the past year emphasize the need for continued and improved consultation and cooperation in international financial and economic policies.

7. The Committee noted with satisfaction the recent signing of the convention of the Organization for Economic Cooperation and Development by the United States, Canada, and the members of the Organization for European Economic Cooperation. The Committee expressed confidence that the OECD could strengthen the ties among Canada, United States and countries of Western Europe, and could prove to be a most useful forum for close consultation on the economic policies of member countries with a view to increasing economic growth and to expanding assistance to the less-developed countries.

8. The Committee noted certain international economic developments of mutual interest, including the rapid economic growth of

6 See post, doc. 176.

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