Office of the Historian

851.51/1–3047: Telegram

The Ambassador in France (Caffery) to the Secretary of State
confidential
Paris, January 30, 1947—9 p. m.

411. Embassy informed that at Finance Ministry meeting this afternoon under chairmanship Finance Minister Schuman, decision was made for Baumgartner, President Crédit National, to proceed immediately to Washington in connection French application International Bank loan. He is scheduled to take plane this Sunday.1

Meeting was reportedly called as result of telephone call this morning from French alternate director International Bank, who reported that McCloy2 appointment presidence [as president] was imminent.

Mendès-France, French executive director International Bank, is planning to leave for Washington some time next week.

Caffery
  1. February 2.↩
  2. The election of John J. McCloy as President of the International Bank for Reconstruction and Development was announced on February 28, 1947.↩