ECONOMIC INTELLIGENCE WEEKLY

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP85T00875R001500160001-4
• Release Decision: RIPPUB
• Original Classification: T
• Document Page Count: 4
• Document Creation Date: December 15, 2016
• Document Release Date: July 22, 2004
• Sequence Number: 1
• Publication Date: March 22, 1973
• Content Type: REPORT

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Economic Intelligence Weekly
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NSA review completed
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Copy No.19 0
Approved For Release 2004/08/16 : CIA-RDP85T00875R001500160001-4
 25X1 Approved For Release 2004/08/16 : CIA-RDP85T00875R001500160001-4
Approved For Release 2004/08/16 : CIA-RDP85T00875R001500160001-4
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ECONOMIC INTELLIGENCE WEEKLY
Poor Prospects for Chilean Debt Payments
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Despite debt relief and the recent jump in copper prices, Chiles foreign
exchange position remains very tight. The trade balance is heavily in deficit,
exchange reserves are exhausted, and foreign credits have been hard to find.
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Although surging copper prices have raised export earnings sharply,
agricultural output has dropped and food needs continue to strain import
capacity. Imports may have to be cut as much as 10% this year even if
copper prices remain high and no debt payments are made to the United
States.
I Allende wants to
improve i e s financial situation by reaching some sort of agreement with
the United States on the expropriation issue. bile
may propose arbitration, at bilateral talks t us week, o the dispute over
compensation for the expropriated copper properties. Arbitration would be
acceptable, however, only if the United States agreed to extend loans to
cover the compensation payments.
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