WESTERN HEMISPHERE BRIEF CHILE HAS INFORMED US OFFICIALS THAT IT WILL NO LONGE

Created: 10/22/1976

OCR scan of the original document, errors are possible

OUTGOING MESSAGE

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UESTERN HEMISPHERE BRIEF

CHILE: CHILE HAS INFORMED US OFFICIALS THAT IT MILL NO LONGER SEEK 'it- US AID. ECENT SPEECH* PRESIDENT PINOCHET SAID THAT

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CHILE HADS LOAN THAT HE DESCRIBED AS "LINKED TOCONDITIONS." ALTHOUGH SANTIAGO CLAIMS TO BE REJECTING NEW

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AID. IT IS. NONETHELESS. SEEKING ALOAN* UNDER PL-WOO

TITLE I. TO BOLSTER UHEAT SUPPLIES IN VIEB OF ANOTHER PROJECTED POOR

THE OBJECT OP CRITICISM FOR HUMAN RIGHTS ABUSES. CHILE SECS ITSELF AS INCREASINGLY ISOLATED FROM ITS TRADITIONAL ALLIES OUTSIDE SOUTH AMERICA. LAST WEEK* IN ITS REPORT TO THE UN GENERAL ASSEMBLY.

THE AD HOC GROUP ON HUMAN RIGHTS RECOMMENDED THAT MEMBER NATIONS RESTRICT TRADE AND AID MITH CHILE AFTER SANTIAGO'S REFUSAL TOTHE GROUP'S ON-SITE INVESTIGATION TEAM.^|

ENCOURAGED BY IMPROVED EXPORT EARNINGS THIS YEAR, CHILEAN ECONOMIC MANAGERS APPARENTLY ARE NOV GAMBLING THATER-NaJtIONAL FINANCIAL OBLIGATIONS CAN BE MET MITHOUT FURTHER DEBT RESCHEDULING AND WITH MINIMAL FELIANCE ON FOREIGN ECONOMIC

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this year. for the first timehileforego best renegotiations^!

percent increase in overall export earnings and renewed foreign private loans have ledramatic improvement in chile's

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foreign reservereserves tripled tomillion during the first eight months of lVfc.

Original document.

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