Foreign Relations of the United States, 1952–1954, The American Republics, Volume IV

Editorial Note

In late November 1952, the Haitian Government and the Export-Import Bank reached a settlement with respect to SHADA. The terms of the settlement included, inter alia, provisions easing Haiti’s repayment obligations on the SHADA loan, the transfer of SHADA stock held by the Bank to the Haitian Government, and Haitian control and management of SHADA (despatch 374, from Port-au-Prince, dated November 28, 1952, 838.20/11–2852). The terms were incorporated into a letter from Mr. Gaston to Ambassador Léger, dated November 26, 1952, no copy of which was found in Department of State files.