349. Telegram 3064 from Paris, December 131
Pass Treasury and Southard. Ministerial 10-country discussions on supplementary resources for IMF completed December 13. Text communiqué being released by French MinFin 8:00 PM Paris time and reported separately.
Text of exchange of letters on consultative arrangements approved and being cabled separately. Letters will be sent by French FinMin this week and all replies expected by next week. Sec Dillon will send us reply while in Paris. All agreed that text of letters should not rpt not be released to public until replies received from all prospective participants. Canada, UK, Germany among others still have complete cabinet procedures on exchange letters and amounts commitments. Re amounts, six have agreed on $2.5 billion but not rpt not yet on division. Apparent Germans and French still arguing about whether French will accept $600 million instead of $500 million or Germany $1.1 billion instead of $1.0 billion. UK will be $1 billion, US $2 billion, Japan $250 million, Sweden $100 million and Canada probably $250 million. Total $6.1 billion. Also Swiss approached by Jacobsson and they apparently favorable associated arrangement but no rpt no figure available. All agreed division of amounts to be kept confidential for time being although press communiqué refers to expectation that total amount will be “fully six billion”. [Facsimile Page 2] Only change in IMF decision previously transmitted to Washington by Jacobsson was reduction in initial period of decision from 5 to 4 years.
- Results of discussions on supplementary resources for IMF. Official Use Only. 2 pp. Department of State, Central Files, 398.13/12–1361.↩