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END-1991. MCCORMACK (US STATE DEPARTMENT) NOTED THE IMPORTANCE OF PRESENTING A UNITED FRONT..
3.
KOEHLER (GERMANY) WARMLY WELCOMED THE US INITIATIVE IN SETTING UP THE GROUP, AND SUPPORTED THE NEED TO SIGNAL A UNITED APPROACH. HE SAID GERMANY WAS READY TO GIVE UNCONDITIONAL AID FOR 1990 BUT WOULD WANT TO CONSIDER THE ARRANGEMENTS FOR 1991 FURTHER. UTSUMI (JAPAN) TOOK A SIMILAR LINE. HE FAVOURED STRONG IMF AND WORLD BANK INVOLVEMENT. WICKS (UK) ALSO STRONGLY SUPPORTED THE US INITIATIVE. HIS PREFERENCE WAS TO CONCENTRATE ON 1990 INITIALLY AND ON THE THREE FRONT-LINE STATES. HE WELCOMED THE INVOLVEMENT OF THE
IMF AND WORLD BANK.
4.
EL-KUWAIZ (GCC) WELCOMED THE INITIATIVE. HE AGREED ON IMF AND WORLD BANK INVOLVEMENT, BUT CAUTIONED ON INAPPROPRIATE CONDITIONALITY. HE ALSO THOUGHT CONSIDERATION SHOULD BE GIVEN TO INCLUDING SYRIA IN THE COVERAGE. AL-SURAISRY (SAUDI ARABIA) ALSO WELCOMED THE US INITIATIVE. HE NOTED THAT SAUDI ARABIA HAD AGREED TO TRANSFER DOLLARS 1 BILLION TO EGYPT IN BALANCE OF PAYMENTS SUPPORT AND DOLLARS 500 MILLION TO SYRIA. IN ADDITION SAUDI ARABIA HAD COMMITTED DOLLARS 500 MILLION IN PROJECT FINANCE TO EACH COUNTRY, PLUS DOLLARS 175 MILLION IN REFUGEE AID. THEY HAD NOW ALSO AGREED TO HELP TURKEY AND MOROCCO BY PROVIDING OIL. HE TOO CAUTIONED ON IFI CONDITIONALITY AND THOUGHT CONSIDERATION SHOULD BE GIVEN TO EXTENDING THE COVERAGE TO SYRIA, AND PERHAPS ALSO TO PAKISTAN AND BANGLADESH.
5.
SARCINELLI (ITALIAN TREASURY), SPEAKING WITH SOME EMBARRASSMENT TO INSTRUCTIONS, SAID THAT WHILE HIS AUTHORITIES FULLY SUPPORTED EFFORTS TO COORDINATE FLOWS, THEY WERE NOT YET IN A POSITION TO AGREE TO THE US PROPOSALS. HE REFERRED TO A MEETING IN NEW YORK BETWEEN BAKER AND EC FOREIGN MINISTERS, WHICH HE SAID HAD AGREED THAT FURTHER CONSULTATION BETWEEN EC AND US WAS NEEDED. VAUNI D'ARCHINAFS(?) (ITALIAN MFA)
STRESSED THE IMPORTANCE OF VERY STRICT COORDINATION WITH ALL EC COUNTRIES, SOME OF WHOM WERE NOT REPRESENTED AT THIS MEETING.
6.
AL-NOWAIS (UAE), DODGE (CANADA), VANORMELINGEN (BELGIUM), SHIN (KOREA) AND BRUNNER (SWITZERLAND) ALL SUPPORTED THE INITIATIVE. SAMUEL-LAJEUNESSE (FRANCE) ALSO SUPPORTED THE INITIATIVE GENERALLY, THOUGH HIS FORMAL POSITION
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