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{
    "localId": "47304331",
    "label": "WHCF CO 304 United Arab Republic",
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    "citationUrl": "https://catalog.archives.gov/id/47304331"
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{
    "id": "47304331",
    "sourceUrl": "https://catalog.archives.gov/id/47304331",
    "contentType": "document",
    "title": "WHCF CO 304 United Arab Republic",
    "description": "This file unit contains material on U.S. and Egyptian relations; the Arab and Israeli Conflict; evacuations of U.S. citizens from the United Arab Republic (UAR), which is modern day Syria and Egypt; the Arab blockade of Arabian Gulf shipping; U.S. assistance to the UAR; and opposition to German scientists aiding the UAR in the development of missiles.",
    "citationUrl": "https://catalog.archives.gov/id/47304331",
    "collections": [
        "White House Central Files (Johnson Administration)",
        "White House Subject Files on Countries"
    ],
    "subjects": [
        "Egypt",
        "Syria",
        "Israel",
        "International relations",
        "Middle East and United States relations",
        "Middle East conflicts",
        "Foreign aid"
    ],
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{
    "url": "https://catalog.archives.gov/id/47304331",
    "naId": 47304331,
    "arrangement": "Files are divided into an \"Executive\" or \"General\" category.  Executive materials are those of particular importance because of source or nature and those that were acted upon by the President or a designated top official. General materials are those that were received from other sources, were routine in nature, or were deemed not as important from the viewpoint of level of handling or subject matter.",
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{
    "seq": 64,
    "pageIndex": 0,
    "type": "photo",
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    "ocrText": "LIMITED OFFICIAL USE\n2\n2. He has concluded that within his own lifetime, as well as\nin the \"lifetime of his eldest son,\" Egypt will be incapable of\nproducing heavy capital equipment. That equipment must be bought\nfrom abroad and best comes from Western Europe and the U.S. He\nlooks to long-term credits to finance such equipment.\n3. He will not be able to get the benefits of the Aswan dam\nfor both agriculture and industry unless he is in a position to carry\nout major supplementary investments.\n4. In response to Woods' statement that if he plans to nationalize\nanything, he must produce prompt, fair and effective compensation,\nNasser said:\n(a)\nthere is not much left to nationalize;\n(b)\ntheir experience with nationalization and the\nfailure to make prompt compensation has demonstrated that\nas a practical matter it would have been better for them to\nto pay off promptly. The West is in a position to impose\nsevere costs if compensation is not prompt and effective.\nTherefore, he is in the midst of clearing up his compensa-\ntion problems and plans no further nationalization.\n5. Woods says that he came back with a group of Egyptian\nprojects which will be staffed out at the Bank. A World Bank tech-\nnical group will be going to Cairo. There is little doubt that in\nsix months he will be back in business with Egypt.\n6. Woods explored with Kaissouni whether the Egyptians would\nthink well of a proposal for a Middle East or Arab Development Bank,\nor other cooperative regional economic arrangement, Kaissouni said\nthat the time was not ripe. They were already associated with the\nAfrican Development Bank, mainly on political rather than economic\ngrounds, since the bulk of those funds should go to Africans south\nof the Sahara. There exists on paper the framework of an Arab\nLeague Development Bank; but from the point of view of the other\nArab states, it doesn't make sense because Egypt could lay claim\nlegitimately to the bulk of such a bank's resources due to its\nrelative size and poverty. Therefore, there is little support for\nsuch a bank outside Cairo. The UAR government understands this\nattitude. It concludes that it is wiser for it to make bilateral\ndeals of the kind it has with Kuwait, which are closely tied to\npolitical arrangements; and to look outside the Middle East for\nresources.\nLIMITED OFFICIAL USE\n[2 of 2]"
}