226. Memorandum From the Presidentʼs Assistant for National Security Affairs (Kissinger) to President Nixon1
Washington, June 7, 1971.
SUBJECT
- U.S./Yugoslav Economic and Technical Cooperation
The Under Secretaries Committee has forwarded its quarterly report on measures taken by this government to promote U.S./Yugoslav economic and scientific technical cooperation.2 You had requested these reports as a means of galvanizing the agencies into more activity in this field.
The current report contains a number of new steps taken in the past quarter:
- —As a result of a visit of the Yugoslav Finance Minister to Washington in April, you authorized rescheduling of $61 million in Yugoslav debt.3 We are encouraging other governments to take equivalent steps to meet Yugoslaviaʼs severe payments crisis.
- —The new aid legislation submitted to Congress includes provisions allowing you to permit the new aid organizations and the Overseas Private Investment Corporation to operate in Yugoslavia. Since the [Page 559] new aid legislation is temporarily stalled in the Congress, State and AID will seek an amendment to existing legislation authorizing OPIC to guarantee U.S. private investments in Yugoslavia.
- —The Commodity Credit Corporation has relaxed its terms for an annual $30 million in sales and barter transactions.
- —Defense is increasing its meat purchases, and arranging for tours of service men.
- —The Export-Import Bank is substantially increasing its export credit activities for Yugoslavia.
- —HEW, the National Science Foundation, and other agencies are planning to expand their research in Yugoslavia.4
- Source: National Archives, Nixon Presidential Materials, NSC Files, Box 733, Country Files—Europe, Yugoslavia, Vol. II Aug 70–Aug 71. Sent for information. No classification indicated. A notation on the memorandum indicates the President saw it.↩
- The Under Secretaries Committeeʼs quarterly report, May 25, is attached but not printed.↩
- See Document 225.↩
- At the bottom of the memorandum Nixon wrote “good.”↩