PA–4. Editorial Note
On July 10, 1958, the Export-Import Bank of Washington announced a $1 million credit to Paraguay to finance installation of Asunción’s first water supply system. An original $7 million credit to Corporación de Obras Sanitarias de Asunción (CORPOSANA) was authorized in 1954 to provide a 15 million gallon-per-day water supply and distribution system for Asunción. The additional credit would enable CORPOSANA to purchase the necessary construction materials and equipment in the U.S. in order to increase the number of service connections, in the water system. Documentation concerning the subject is contained in ARA/EST Files, Lot 62 D 354, “Eximbank.”
[Typeset Page 996]The United States and Paraguay on October 29, 1958, signed a loan agreement making $2.5 million in development loan funds available for completion of an all-weather, rock-surface road in Paraguay known as the Route to Brazil, the funds to be used primarily for financing crushed-rock surfacing of the section between Coronel Oviedo and Puerto Presidente Stroessner. The agreement was signed by Ambassador Juan Plate for the Government of Paraguay and Robert B. Menapace, Acting Managing Director of the Development Loan Fund, for the United States. Pertinent documentation is located in ARA/EST Files: Lot 62 D 354, “DLF.”