Foreign Relations of the United States, 1952–1954, The Near and Middle East, Volume IX, Part 2

774.5 MSP/11–654: Telegram

No. 1368
The Ambassador in Egypt (Caffery) to the Department of State¹

confidential

Cairo, November 6, 1954—1 p.m.

620. Atmosphere of exchange of notes re economic aid was almost gala. it is plain Egyptians are very pleased and plan to stress aid as evidence US confidence Egypt’s future.

I saw Fawzi privately afterwards. He again reiterated his thanks to all those concerned in Washington and Cairo; he said GOE fully appreciate the many problems which had to be surmounted in connection with economic aid. Fawzi went on to say that a committee headed by Finance Minister Kaissuny had been established to implement agreement. He thought there would be no foot dragging.

Fawzi also told me that he had great hopes for increased collaboration between private American and Egyptian firms. He mentioned minerals as being field in which there are great opportunities for American and Egyptian businessmen to work together. He said, “for our part we will give every facility”.²

Caffery

1. Repeated to London as telegram 134 and unnumbered to Paris, Rome, Tel Aviv, and the Arab capitals.
2. According to telegram 619 from Cairo, Nov. 6, not printed, the amount of economic development assistance extended by the United States to Egypt totaled $40 million. (774.5 MSP/11–654) For the text of this economic development agreement, which was signed and thereby brought into force on Nov. 6, see TIAS No. 3156, 5 UST (pt. 3) 2985.