AMEMBASSY BUENOS AIRES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP65B00383R000100280004-9
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 3
• Document Creation Date: December 15, 2016
• Document Release Date: February 17, 2004
• Sequence Number: 4
• Publication Date: November 13, 1963
• Content Type: TELEGRAM

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OUTGOING TELEGRAM Department of State
INDICATE. D CouER
13 CHANGE TO
11-"
UNCLASSIFIED
ACTION;_ AmEmbassy BUENOS AIRES 469 pRIOR
Senate debate continues on AID authorization bill which
expected come tovote by end week. Senate has reduced
2. billion approved 1y ' roregn Rel4tions
House bill'-fixed level at $3.5 bil1i
Alma Amendment modification has not yet been debated on Senate
floor.
Press and members Senate increasing focus on prospective
officials apprehensive about restrictions on Executive in use 1 ul)v
article'datelined Washington states that while 41~hlo
Araont-inA antinn nn nil. rnntr_anti. November 13 New York Time82 C4
/b
Senate as brought out in debate on Alliance for Progress, partic-
ularly in regard Brazil and Argentina". Article reports floor
Brazil and *xgankat Argentina" and assailing both countries for
statement by Senator NHorse alluding to "latest reports from
having failed, despite their Punta del Este pledges, to submit
A A /EST/A: CA u: lc 114 ''' n hip lnnuniuton by, en4
EST . Marglies
REPRObUCTION FROM THIS COPY IS
PROHIBITED UNLESS "OFFICIAL uSF
Approved For Release ZUq%QQ=SqAllsQP6513UU383RUUdW'~2MU4W$IFIED .
":It DS-329
EST - Mr. Lancaster H-Mr. Wexler, AZT/LA Mr. LinstaaL -, 01
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plans of integrated national development to Alliance'governing body.
Washington Post editorial November 11 directs attention ire a
Argentine oil contracts situation concluding more at stake than their
profits and investment, identifying real issue as that of\finding modus
viviendi satisfying 4enftt Argentina's economic needs wild as little
damage to Alliance and international investment as peifeossible.
Post continues in November 13 editorial that with evidence emerging
from Sao Paulo meeting that Alliance in deep trouble, it "sad that
President of Argentina feels he must make faxe?gg foreign oil holdings
an, exaeexcba exacerbating issue".
New York Times editorial November 13 asserts cracks appearing
in Alliance, statinj that although both Argentina and Brazil showing
lowest rate growth in South America, now appear to be making Alliance
'scapegoat for own failures. Editorial says although atakax on Yankee
erialism and Alliance nothing new, Brazil and Argentina exceeding
usual bounds demagogy since, although speaking "hed# boldly about going
alone, they are evidently hoping that threat of inflow new foreign
capital from Western Eurc+,e- or Soviet Union will-force. Washington zanA
continue provide funds for development". Time's points out that while
.IIGCA has right renegotiate or renounce. contracts, it cannot expect attract
compensation
investment it., it refuses reasonable ~asoX~n. Concludes it would
",l if 1~. S - M4
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nvMARSTr :n
 Approved For Release 2004/03/11 : CIA-RDP65B00383R000100280004-9
to Argentina or Brazil, but that withdrawal aid would provide little
Page-
yk J.%A.L&gi
be mistake cajole Latin America into maintaining Alliance by Zaidi
cracking AxULtanyam
Alliance by considered axnexamLt assessment their
gain and that both Brazil and Argentina may yet recognize danger
own true
Evening Star also has critical d editorial this subject
and we expect continuingg and increasing public concern over
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TYNCT-A:SSTRTED
of telegram to
A_xn mbassy UEI'3(l ~IRES~,
UNCL1.SsZFIED
on. 13th
Argentina