The Ambassador in Nicaragua (Warren) to the Secretary of State
[Received April 5—9:10 a.m.]
A–115. Reference is made to the Department’s Airgram A–58 of March 5, 1946, concerning Nicaragua’s arrears in the amount of $86,063.38 in payment of its Export-Import Bank loan. I had a good opportunity to discuss the matter with President Somoza at El Genizaro.33
I allowed the President to read Airgram No. A–58. He said:
- That he and Ambassador Sevilla Sacasa are not trying to link the Export-Import Bank loan to the Pan-American Highway accounts.
- That he only wants Washington to wait a bit until settlement of the Highway accounts is accomplished in the hope that Nicaragua will then be in a better position to meet the obligation.
- That because the audit of the Pan-American Highway accounts had proceeded slowly, he had had to use the money set aside for payment of the Export-Import Bank loan to finance the highway expenditures.
- The President’s country home.↩