150. Editorial Note
On February 24, Senator Monroney introduced S. Res. 264 proposing the establishment of an International Development Association which would work in cooperation with the International Bank for Reconstruction and Development. S. Res. 264 also suggested the United States contribute to the Association in conjunction with investments from other countries. For text, see American Foreign Policy: Current Documents, 1958, page 180. Under Secretary of State Dillon testified on the proposal March 19. After reviewing questions the resolution raised and the Association’s potential relationship to existing U.S. development programs, Dillon concluded it required international discussion. (Ibid., pages 179–189)