Economic Aid Extended to Latin America
in tho table you naked Cor on Communist economic aid extended to Latin America. The figures in tho table ore Secret,
Although there hasharp increase in Coomwnist cctnaitments to Latin American countries0do not perceive any significant shift in Communist aid policy toward the area, except that some recent credits aro more project oriented than before.
7 3. In the past, Cccxainist ecoooalc aid to Latin America was largely trade related. Credits usually were provided forpurchases that required paymentears and carried
also wore required. But the credits that were nadn available were not used extensively, and by theoss% of themillion of credits provided by Communist countries had been drawn. The Soviet performance was even worse, vith Ipssi of5 million extended actually drawn.
ii. Nevertheless, as Latin American nations have become more roceptive to the Idea of accepting Communist assistance, annual oid eomraltm'snts have increased. hoy were three times no large be9 and thus farhey rose an. More of the recent eoenitments have been madr for project assistance than previously. For example, Soviet aid extended to Peru0 was designated for port development.
Jtorc of Eastern Europe's assistance1 also appears to be
tied directly to project aid.
As stated ubove
Office of Economic Research