PERSIA SEEKS LOAN FROM WORLD BANK
Received Wednesday, 7.30 p.m. KEW YOKK, June 10. The United Btates Gov.ernpienit will .supp.ort Bersia's app.lication for a re.-, eons.trueilion and development loa.a from the World Bank. B.ersia has- appbed for 250,000,000 .doJlars andit i§ expe.eted the Bank will graut the full ainount. Ber.sian Enjbassy. .officigils eniphasi§ed; that the Joan was n.ot coniparaJde \yi tfi . Unite.d States a.id to Greece and Turkeyi since loaug from ,tfie World Bank ebuld not .be spent on, military mat.eri9.ls, Tlie money would be used to build roads and railways and buy farnj and factory machinery. The agreement whereliy United > States wiil turn over to the Persjan army and police approximafely 32,000,000 doilars worth of military supplies, including medicine, ciothing, blankets, aireraft .and light tanks, will be signed in Washington this week. All the supplies will come from war sur plus , -toeks. The exact terms of the agreement are not known but Reuter understands that the United States Foreign Liquidation Commission will extcnd credit repayable over a numjher of years. The agr.eement will be s.ub.ject to ratification by tlie Persian Parliament.
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Chronicle (Levin), 12 June 1947, Page 5
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182PERSIA SEEKS LOAN FROM WORLD BANK Chronicle (Levin), 12 June 1947, Page 5
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