834.51/9–545: Telegram

The Acting Secretary of State to the Ambassador in Paraguay (Beaulac)

292. Eximbank informed Minister Martino that it would make available balance of credit $450,00066 but would not consider any further line of credit until Paraguay had clearly demonstrated its ability to make payments. This is in answer to Martino’s request for loans for public works including cement mill and ships. The action of Eximbank in approving availability of former loan was influenced by fact that payment received of amortization and interest on loans in arrears to July 31.

  1. Telegram 296, September 11, 1945, 8 p.m., to Asunción, stated that this credit was for construction of highway between Las Misiones and Coronel Bogado (834.51/9–645).