740.00112A European War 1939/28789: Airgram
The Ambassador in Brazil (Caffery) to the Secretary of State
[Received April 13—11 a.m.]
A–650. Reference my despatch No. 10496 of March 20, 1943, transmitting a copy of a memorandum delivered, during Mr. Pierson’s recent visit, to the Minister of Finance, the Bank of Brazil, and the Economic Defense Commission, concerning financial assistance by the Export-Import Bank in connection with the nationalization program.
The Minister of Finance has requested the Embassy to address a formal communication to the Brazilian Government giving assurances [Page 758] of the Export-Import Bank’s willingness to participate in the financing along the lines set forth in the memorandum enclosed with the despatch under reference. He desires this assurance in order that he may proceed to take the necessary steps to create an adequate mechanism within the Brazilian Government for handling the matter, including presumably the creation of special lending powers in the Bank of Brazil and the establishment of a working procedure between the Economic Defense Commission and the Bank of Brazil concerning these matters. In this connection reference is made to my despatch No. 10569 of March 26, 1943,89 reporting on Walmsley’s conversation with the Minister of Finance on March 25.
The Department is requested to give this matter its immediate attention and to inform the Embassy of the extent to which it may, as requested by the Minister of Finance, formally commit our Government, and specifically the Export-Import Bank, to participate in the financial assistance along the lines indicated in the memorandum under reference.
- Not printed.↩