811.516 Export-Import Bank/935
Memorandum of Conversation, by the Assistant Chief of the Division of Caribbean and Central American Affairs (Cabot)
| Participants: | Ambassador Concheso |
| García Montes91 | |
| Mr. Duggan92 | |
| Mr. Cabot |
Ambassador Concheso and García Montes called on Mr. Duggan on April 14th. Mr. García Montes said that he had had satisfactory talks with the Export-Import Bank. The Bank was strongly urging that Cuba cancel the $25,000,000 credit in its own interest, but was willing not to press the matter until after the Cuban elections. Garcia Montes said that his Government wanted to keep the credit and he hoped that the matter might be reconsidered even after the elections.
Mr. Duggan mentioned the desirability of reorganizing the Commission.
[Page 974]Mr. García Montes said that he would return in June to hold further conversations with the Bank.
Mr. Cabot mentioned the Ambassador’s vacation plans. After a moment’s conversation on that subject, Mr. Duggan asked whether any decision had been reached about paying Cuba’s outstanding obligations to American citizens and firms.94 The Ambassador said that he would look into this when he was in Cuba.
- Oscar García Montes, one of the two active members of the Commission at this time. He arrived in Washington in early April to discuss the Bank-sponsored projects.↩
- Laurence Duggan, Director, Office of American Republic Affairs.↩
- For a more extended treatment of Cuban financial obligations to American citizens and corporations, see pp. 910–914 and 916–918.↩