Foreign Relations of the United States, 1949, The Near East, South Asia, and Africa, Volume VI

Current Economic Developments, Lot 70 D 467

²

Current Economic Developments³

[Extract]

secret

[Washington,] May 31, 1949.

No. 204

. . . . . . . . . . . . . .

On May 20, 1949 the US and Ethiopia signed an agreement for the final settlement of lend-lease reciprocal aid and financial claims of each government against the other arising out of World War II. Under this agreement, Ethiopia will pay the US $200,000, which is considered as payment for lend-lease goods of civilian utility remaining in inventory on V–J Day. At the designation of the US, and upon mutual agreement, these funds will be used, in Ethiopia, for the following purposes, or any combination thereof: 1) delivery of real property and improvements thereto; 2) educational and cultural programs of benefit to both countries; and 3) defraying US government expenses. Ethiopia will pay to the US any unused balance of the $200,000 within five years and ninety days after the date of the agreement.

US lend-lease aid to Ethiopia totalled approximately $5,152,000, the overwhelming proportion of which was expended during hostilities.

. . . . . . . . . . . . . .

2. Lot 70 D 467 is a master set of the Department of State classified internal publication Current Economic Developments for the years 1945–1969, as retired by the Bureau of Economic Affairs.
3. Prepared by the Policy Information Committee of the Department of State.