832.51/1216: Telegram
The Ambassador in Brazil (Caffery) to the Secretary of State
[Received November 22—9:05 a.m.]
171. Following is an excerpt of an official statement given to the press by the office of the President after a meeting of the Cabinet held last night:
“It was decided to suspend as of this date the remission of funds destined to the service of the external debt and to authorize the Minister of Finance to initiate negotiations with the interested parties in the various countries, for the purpose of arriving at new agreements within the actual possibilities of the country. The suspension will not include the obligations assumed for the liquidation of commercial credits in arrears.”