818.51/998: Telegram
The Minister in Costa Rica (Scotten) to the Secretary of State
[Received 3:43 p.m.]
304. Department’s 239, June 12, 5 p.m.32 Decision contained in Department’s 207, May 27, 2 p.m. and 217, June 1, 3 [2] p.m. presented to Minister of Finance who received information with disappointment but stated that the Government would give further thought to problem.
Last night Escalante again informed me that the 9 years offered by Export-Import Bank is onerous. He stated that considering the outlook financially for the Costa Rican Government it would be impossible to meet amortization payments and that the Government does not wish to contract an obligation which it will be unable to repay. He also stated that Julio Pena, Manager of Banco Nacional, who is now in Washington attending the Inter-American Banking Conference, has been fully informed of Government’s position and instructed to continue negotiations there.
- Not printed.↩