CENTRAL INTELLIGENCE BULLETIN

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP79T00975A004400390001-0
• Release Decision: RIPPUB
• Original Classification: T
• Document Page Count: 8
• Document Creation Date: December 15, 2016
• Document Release Date: September 30, 2002
• Sequence Number: 1
• Publication Date: April 28, 1959
• Content Type: REPORT

~~4vzzz-o OVZZZZZZ~1~'
?/ _ Approve4For ReleT W2/1SE CRE79T&975A004400390001-0
25X
28 April 1959
State Dept. review completed
Copy No. C
62
["Lluff "W
91
JUGIN-LM-l
DAT
W
OCUMENT NO.
_
O CHANGE IN CLASS
CLASS;. CHANG~=C 1Y)
,
AUT1 t
0
Approved For ReleTop/1%CCRU79T00975A004400390001-0
 25X1 Approved For Release 2002/10/21 : CIA-RDP79T00975AO04400390001-0
Next 2 Page(s) In Document Exempt
Approved For Release 2002/10/21 : CIA-RDP79T00975AO04400390001-0
 .owa sonn;.o . ~~
A
PO
25
25
25
0
III. THE WEST
Britain- UAR: (London, impatient with Cairo's delay in
restoring diplomatic relations, has made a financial maneu-
ver which jeopardizes Nasir's efforts to secure an IBRD loan
to improve the Suez Canal. Under the terms of a 1958 agree-
ment,release of an Egyptian blocked sterling account would
require the UAR to compensate stockholders of the old Suez
Canal company. The British have unblocked this account
earlier than scheduled, and say they will vote against the
IBRD loan if the UAR is in default on its compensation agree-
ment. This action will tend to confirm. the impression held
by many UAR officials that the British are continuing to work
against Nasir~
Argentina: To counter continuing strikes and agitation
against the U g"-backed stabilization program, President Fron-
dizi has issued a decree banning all activity by the Communist
K party and associated groups,At least for the duration of the
present state of siege. He believes the Communists and, Peron-
istas are mainly behind this agitation. Several antigovernment
demonstrations may be attempted on 1 May.
28 Apr 59 DAILY BRIEF
 25X1 Approved For Release 2002/10/21 : CIA-RDP79T00975AO04400390001-0
Next 2 Page(s) In Document Exempt
Approved For Release 2002/10/21 : CIA-RDP79T00975AO04400390001-0
 25X1
III. THE WEST
British Financial Maneuvers Against Egypt
Gndon, impatient with Cairo's delay in resuming diplomatic
relations, has made a financial maneuver which seriously jeopard--
izes Egyptian efforts to secure an IBRD loan for expanding the
Suez Canal. Under the terms of a 1958 agreement, London's re-
lease of Egyptian blocked sterling would require the UAR to com-
pensate stockholders "forthwith" to the amount of $22,960,000
as part of an accelerated. repayment schedule. The Bank of
England. now has removed all restrictions on Egypt's blocked
sterling account earlier than scheduled, thereby apparently bring-
ing into effect this hitherto unimportant clause. If Cairo fails to
make 1payment:"forthwith;":%tprobably will be in technical default
and its credit standing will be seriously impaired. In such an
event, the British tate, they would be unable to vote for a World
Bank loan to Egypt
Cairo has not responded to the Bank of England., but apparently
will not make payment and w'll not compromise its position that
holds the bank's action illegal
25X6
25X1
25X1
Approved For Release 2002/10/21 : CIA-RDP79T00975AO04400390001-0
28 Apr 59 CENTRAL INTELLIGENCE BULLETIN Page 3
 Approved,- Lease 200-29101-21 - Gl A R-PP79- T-Q~
Argentina Bans All Communist Activities
Argentine President Frondizi issued a decree on 27 April
banning all activity by the Communist party and associated
groups. He evidently hopes to curtail the Communists' capa-
bilities and to undercut any Peronista moves to collaborate
with the Communists, especially in forthcoming union and pro-
vincial elections.
Frondizi is convinced that the Communists and some ex-
tremist Peronistas are fomenting the present agitation against
the US-backed economic stabilization program, such as the
Communist-led bank strike and the riots of 3 April which led.
to the expulsion of five Soviet diplomats. New demonstrations
by Communists and Peronistas and by the Communist-led stu-
dent federation are reportedly planned for 1 May.
As Frondizi had warned, the government's austerity and.
stabilization measures since 1 January have caused hardship
for labor. The cost of living has risen about 47 percent, and
real wages are the lowest since Frondizi took office on 1 May
1958. On the other hand, the government has signed additional
development contracts with private petroleum companies, and
crude production during the first quarter of 1959 increased 33
percent. This, together with a favorable export movement and
reduced imports, indicates to some officials that a "reasonable"
trade balance for the year may be achieved, reversing the past
decade of heavy trade deficits.
Approved For Release 2002/10/21 : CIA-RDP79T00975A004400390001-0
28 Apr 59 CENTRAL INTELLIGENCE BULLETIN Page 4
25X1
25X1
 25X1
Approved F
THE PRESIDENT
The Vice President
Executive Offices of the White House
Special Assistant for National Security Affairs
Scientific Adviser to the President
Director of the Budget
Office of Defense and Civilian Mobilization
Special Assistant for Security Operations Coordination
Board of Consultants on Foreign Intelligence Activities
Special Assistant for Foreign Economic Policy
Executive Secretary, National Security Council
The Treasury Department
The Secretary of the Treasury
The Department of State
The Secretary of State
The Under Secretary of State
The Under Secretary of State for Economic Affairs
The Deputy Under Secretary for Political Affairs
The Deputy Under Secretary for Administration
The Counselor
Director, International Cooperation Administration
The Director of Intelligence and Research
The Department of Defense
The Secretary of Defense
The Deputy Secretary of Defense
Assistant Secretary of Defense for International Security Affairs
The Secretary of the Army
The Secretary of the Navy
The Secretary of the Air Force
The Chairman, The Joint Chiefs of Staff
Commandant, United States Marine Corps
The Director, The Joint Staff
Chief of Staff, United States Army
Chief of Naval Operations, United States Navy
Chief of Staff, United States Air Force
Assistant to Secretary of Defense for Special Operations
Director for Intelligence, The Joint Staff
Assistant Chief of Staff for Intelligence, Department of the Army
Director of Naval Intelligence, Department of the Navy
Assistant Chief of Staff, Intelligence, Department of the Air Force
Supreme Allied Commander, Europe
Commander in Chief, Pacific
The Department of the Interior
The Secretary of the Interior
The Department of Commerce
The Secretary of Commerce
Federal Bureau of Investigation
The Director
Atomic Energy Commission
The Chairman
National Security Agency
The Director
National Indications Center
The Director
United States Information Agency
The Director
Approved F(?r Release 24C
25X1
 / A d F ~~~/2 EI~If00975400390001 0 /
e
pprove or
ase - -
Approved For Releasq ftsi 0/2 Jam;IIIraIj 00975A004400390001-0