RESTRICTED
033754
MDHIAN 926
MILLION TO JORDAN AND 9 MILLION TO SOMALIA.
EC:
RAVASIO SAID THAT THE 2 BILLION DOLLARS PLEDGE BY THE COMMUNITY WAS NOW ALMOST COMPLETE, THANKS ΤΟ THE ANNOUNCEMENT OF THE SPANISH CONTRIBUTION.
UK: WICKS NOTED THE PROBLEM OVER THE DISBURSEMENT OF THE WORLD BANK/JAPAN LOAN TO JORDAN. HE HOPED THE BANK WOULD ADOPT AN IMAGINATIVE AND FLEXIBLE APPROACH AND TRY TO OVERCOME THE PROBLEM. COULD THE LOAN NOT BE LINKED TO MAINTAINING JORDAN'S PRODUCTIVE POTENTIAL? THE IMF PRESENTATION HAD EMPHASISED THE ENORMOUS NATURE OF JORDAN'S PROBLEMS. THE JORDANIANS WOULD ALSO NEED ADVICE ON HOW
BEST TO SPEND THE MONEY. BUT THIS EMPHASIS ON JORDAN DID NOT SIGNIFY ANY LACK OF SYMPATHY FOR EGYPT AND TURKEY. ON THE CONTRARY, BOTH ALSO HAD CONSIDERABLE PROBLEMS AND DESERVED RAPID AND GENEROUS HELP.
WESTON ADDED A POLITICAL FOOTNOTE. AFTER SADDAM HUSSEIN'S AGGRESSION HAD BEEN REVERSED, THE INTERNATIONAL COMMUNITY WOULD HAVE ΤΟ MAKE A NEW EFFORT ON OTHER REGIONAL ISSUES SUCH AS ARAB-ISRAEL. SUCH AN EFFORT WOULD BE GREATLY HINDERED IF A KEY COUNTRY IN THE REGION HAD SUFFERED ECONOMIC COLLAPSE. SO THIS WAS AN ADDITIONAL STRATEGIC AND
POLITICAL ARGUMENT FOR HELP FOR JORDAN.
NETHERLANDS: MAAS CONFIRMED A 55 MILLION DOLLAR OFFER, SPLIT EQUALLY BETWEEN TURKEY, JORDAN AND EGYPT. 46% TO BE DISBURSED IN 1990. HE HOPED THAT THE IMF WOULD CONTINUE TO PRESS FOR ECONOMIC POLICY ADJUSTMENTS IN THE THREE COUNTRIES.
SPAIN:
FERNANDEZ SAID THAT 8.5 MILLION DOLLARS OF HUMANITARIAN AID HAD ALREADY BEEN DISBURSED. HE COULD NOW ANNOUNCE A FURTHER COMMITMENT OF 26 MILLION: 10.5 MILLION EACH TO EGYPT AND TURKEY AND 5 MILLION ΤΟ JORDAN. THESE WOULD BE SOFT LOANS, TIED TO SPANISH GOODS.
FRANCE: TRICHET CONFIRMED A PLEDGE OF 130 MILLION DOLLARS: 50 FOR EGYPT, 30 FOR TURKEY, 20 FOR JORDAN AND 30 FOR MOROCCO. THEY INTENDED ΤΟ DISBURSE AS MUCH OF THIS AS POSSIBLE IN 1990. ANOTHER 130 MILLION, SPLIT THE SAME WAY, WAS IN PROSPECT FOR 1991. HE ENDORSED WICKS' COMMENTS ABOUT THE NEED FOR THE WORLD BANK TO MOVE QUICKLY ON ITS
2
PAGE RESTRICTED
No comments yet.
Private notes are available after approval.