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EXECUTIVE 4 S/P: W.W. Rostiow LIMITED OFFICIAL USE CO304 (Drafting Office and Pficer) DEPARTMENT OF STATE IT14 F05 Memorandum of Conversation FG105 DATE: January 10, 1966 x SUBJECT: George Woods' Discussions in Cairo PARTICIPANTS: Mr. . George D. Woods, President, International Bank for Reconstruction and Development Mr. W. W. *Rostow, Department of State COPIES TO: Secretary Rusk NSC - Mr. Komer Under Secretary Ball NEA Mr. Mann E AID - Mr. Bell White House - Mr. Valenti S/P - Mr. Brewer s/p (2) 7 Mr. Woods telephoned me today to report on his trip to Cairo. He saw Nasser and' *Kaissouni at some length, as well as Zakaria x Muhieddin. Woods said he had been informed in Washington that there had been a quite sharp change in the direction of Egyptian policy. He had been sceptical. He is now convinced that this is so. The character of the change is, simply, that Nasser realizes that he must turn increased attention to his economic problem; and that the character of that economic problem required good, stable working relations with the World Bank, the U.S., and the West in general. Specifically, 1. Nasser is extremely grateful to the Soviet Union for its help in the Aswan dam and in military assistance; but he cannot get from the Soviet Union the long=term credits he needs for industrial and agricultural investment. 2. He has L FORM DS-1254 8-61 LIMITED OFFICIAL USE RECEIVED JAN1 2 1966 CENTRAL FILES [1 of 2)

Document source 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.

Page data

Page
63
Source index
0
Type
photo
Media ID
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Size
unknown

Document data

ID
47304331
Core
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Type
document
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Context sent to Scholar

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    "ocrText": "EXECUTIVE\n4\nS/P: W.W. Rostiow\nLIMITED OFFICIAL USE\nCO304\n(Drafting Office and Pficer)\nDEPARTMENT OF STATE\nIT14\nF05\nMemorandum of Conversation\nFG105\nDATE: January 10, 1966\nx\nSUBJECT:\nGeorge Woods' Discussions in Cairo\nPARTICIPANTS:\nMr. . George D. Woods, President, International Bank\nfor Reconstruction and Development\nMr. W. W. *Rostow, Department of State\nCOPIES TO:\nSecretary Rusk\nNSC - Mr. Komer\nUnder Secretary Ball\nNEA\nMr. Mann\nE\nAID - Mr. Bell\nWhite House - Mr. Valenti\nS/P - Mr. Brewer\ns/p (2)\n7\nMr. Woods telephoned me today to report on his trip to Cairo.\nHe saw Nasser and' *Kaissouni at some length, as well as Zakaria\nx\nMuhieddin.\nWoods said he had been informed in Washington that there had\nbeen a quite sharp change in the direction of Egyptian policy.\nHe\nhad been sceptical. He is now convinced that this is so.\nThe character of the change is, simply, that Nasser realizes\nthat he must turn increased attention to his economic problem; and\nthat the character of that economic problem required good, stable\nworking relations with the World Bank, the U.S., and the West in\ngeneral.\nSpecifically,\n1. Nasser is extremely grateful to the Soviet Union for its\nhelp in the Aswan dam and in military assistance; but he cannot get\nfrom the Soviet Union the long=term credits he needs for industrial\nand agricultural investment.\n2.\nHe has\nL\nFORM DS-1254\n8-61\nLIMITED OFFICIAL USE\nRECEIVED\nJAN1 2 1966\nCENTRAL FILES\n[1 of 2)"
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