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services, and in many other fields. A number of experts from the US are already pro-
viding such technical aid at the expense of the Turkish Government. The road con-
struction program, initiated with equipment and assistance in training provided under
the US aid program, is designed not only to meet Turkey's military needs but also to
provide lasting economic benefit. Financial aid provided by US Government (e.g.,
US military grants in aid, the Export-Import Bank, the European Cooperation Ad-
ministration, the Office of Foreign Liquidation) and private sources, and probably by
the International Bank for Reconstruction and Development, will make it possible to
continue the program already launched of acquiring the capital equipment and tech-
nical aid needed for the rehabilitation and development of the Turkish economy.
Statements that the government really intends to foster both private enterprise
and foreign investment in Turkey should be accepted with reserve until the National
Assembly has enacted measures to implement the government's declared purpose.
Within limitations, private enterprise is likely, nevertheless, to be permitted somewhat
cautious expansion.
Despite the many difficulties obstructing expansion and despite the country's
dependence upon foreign assistance, Turkey's economic growth may be expected to
continue. Because the stability of the regime is not threatened by any serious political
dissensions, there is no internal threat to Turkey's economic stability. It will become
more secure in the absence of war, either in Turkey or the vicinity. The rapidity of
economic expansion and development would be greatly accelerated should Turkey be
freed from the threat of foreign aggression.
29
SECRET
NARA
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"ocrText": "SECRET\nservices, and in many other fields. A number of experts from the US are already pro-\nviding such technical aid at the expense of the Turkish Government. The road con-\nstruction program, initiated with equipment and assistance in training provided under\nthe US aid program, is designed not only to meet Turkey's military needs but also to\nprovide lasting economic benefit. Financial aid provided by US Government (e.g.,\nUS military grants in aid, the Export-Import Bank, the European Cooperation Ad-\nministration, the Office of Foreign Liquidation) and private sources, and probably by\nthe International Bank for Reconstruction and Development, will make it possible to\ncontinue the program already launched of acquiring the capital equipment and tech-\nnical aid needed for the rehabilitation and development of the Turkish economy.\nStatements that the government really intends to foster both private enterprise\nand foreign investment in Turkey should be accepted with reserve until the National\nAssembly has enacted measures to implement the government's declared purpose.\nWithin limitations, private enterprise is likely, nevertheless, to be permitted somewhat\ncautious expansion.\nDespite the many difficulties obstructing expansion and despite the country's\ndependence upon foreign assistance, Turkey's economic growth may be expected to\ncontinue. Because the stability of the regime is not threatened by any serious political\ndissensions, there is no internal threat to Turkey's economic stability. It will become\nmore secure in the absence of war, either in Turkey or the vicinity. The rapidity of\neconomic expansion and development would be greatly accelerated should Turkey be\nfreed from the threat of foreign aggression.\n29\nSECRET\nNARA"
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