Foreign Relations of the United States, 1958–1960, Foreign Economic Policy, Volume IV

171. Editorial Note

At his April 29 press conference, President Eisenhower commented favorably on a proposal by Senator Fulbright to appropriate $1.5 billion a year for 5 years for the Development Loan Fund. Eisenhower also noted that he accepted the principle of long-range commitment and believed such a commitment could save the United States money. (Public Papers of the Presidents of the United States: Dwight D. Eisenhower, 1959, pages 353–354)