SINO-SOVIET BLOC ECONOMIC ACTIVITIES IN UNDERDEVELOPED AREAS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP92B01090R000700020003-6
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 7
• Document Creation Date: December 16, 2016
• Document Release Date: August 2, 2005
• Sequence Number: 3
• Publication Date: February 13, 1961
• Content Type: REPORT

f ~CIA-RDP921301 Approved For R elease 2005/08/2 :090R00070Q02, 00003-6 444
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SECRET
25X1
BIWEEKLY REPORT
S1NO - SOVIET BLOC
ECONOMIC ACTIVITIES
IN UNDERDEVELOPED AREAS
EIC-WGR 1/131
13 February 1961
PREPARED BY THE WORKING GROUP
ON SINO-SOVIET BLOC ECONOMIC ACTIVITIES
IN UNDERDEVELOPED AREAS
ECONOMIC INTELLIGENCE COMMITTEE
25X1
SECRET
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 Approved For Release 2005/A&PA-RDP921301090R000700020003-6
Summary of Events*
27 January - 9 February 1961
According to an announcement made by the Chairman of the Indian
Atomic Energy Commission on 2 February, India plans to sign an agree-
ment with the USSR covering the financing and building of nuclear power
stations, the producing and mining of uranium, and the training of Indian
scientists in the USSR.
Recent information indicates that the USSR has granted a discount of
one-third on all military equipment to be transferred to Indonesia under
the agreement of 6 January, a pact providing for credits totaling almost
$187 million. No down payment was required, and the interest rate was
fixed at 2 percent. Repayment will begin in 1965 for the military items
and in 1961 for the nonmilitary equipment.
Twelve Bloc technicians have arrived in Guinea, apparently to con-
duct a. survey preliminary to the .construction of the Konkoure dam and
power projects.
The USSR reportedly has agreed in principle to provide credits for
the construction of three small dams in northwest Tunisia and to help
train Tunisian engineers.
By the end of 1960, about two-thirds of the $3. 6 billion in economic
credits and grants extended by the Bloc to underdeveloped countries had
been earmarked for specific projects. Although the Bloc is involved in
the construction of a number of highly publicized showpiece projects,
such as the Asian Games Stadium in Djakarta and a hotel in Rangoon,
most of its foreign aid funds have been allocated for basic development
projects .
An unclassified table summarizing Bloc credits and grants extended.
to underdeveloped countries as of 31 December 1960 is included in this
issue on p. 5.
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CONTENTS
Page
I. Obligations of Bloc Economic Credits and Grants
to Underdeveloped Countries . . . . . . . . 1
II. Africa . . . . . . . . . . . . . . . . . . . 2
A. Tunisian-Soviet Agreement on Dams . . . 2_
B. Survey by Bloc Technicians of Konkoure
Dam in Guinea . . . . . . . . . . . . . 2
A. Terms of the Recent Soviet-Indonesian
Arms Agreement . . . . . . . . . . . . 3
B. Planned Indian-Soviet Collaboration in the
Development of Nuclear Energy 4
Sino-Soviet Bloc Credits and Grants Extended
to Underdeveloped Countries of the Free World,
1 January 1954 - 31 December 1960 . . . . . . . 5
Chart
Following Page
Obligations of Bloc Economic Credits and Grants
to Underdeveloped Countries, by End Use,
as of 31 December 1960 . . . . . . . . . . . . .
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Sino-Soviet Bloc Credits and Grants
Extended to Underdeveloped Countries of the Free World a/*
1. January 1954 - 31 December 1960
Million US $
Area and Country
Total
Economic b/
Military E/
Total
4,809
3,611
1,198
Latin America
322
322
0
Argentina
104
104
0
Brazil
4
4
0
Cuba
215
215
?
Middle East
1,972
1, 286
686
Afghanistan
255
217
38
Iran
6
6
0
Iraq
404
216
188
Pakistan
3
3
0
Turkey
17
17
0
UAR Egypt
919
604
315
UAR - - Syria
307
179
128
Yemen
61
44
17
Africa
284
278
6
Ethiopia
114
114
0
Ghana
50
50
0
Guinea
108
107
1
Morocco
4
0
4
Sudan
d/
0
d/
Tunisia
8
8
0
* Footnotes for the table follow on.p. t,.
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UNCLASSIFIED
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Sino-Soviet Bloc Credits and Grants
Extended to Underdeveloped Countries of the Free World a/
1 January 1954 - 31 December 1960
(Continued)
Million US $
Area and Country
Total
Economic b/
Military C/
Asia
2, 115
1,608
Burma
12
12
0
Cambodia
55
55
0
Ceylon
58
58
0
India
933
933
0
Indonesia
1,016
509
506
Nepal
41
41
0
Europe
116
Iceland
5
5
0
Yugoslavia
111 e/
111
0
a. Because of rounding, figures may not add to totals.
b. Including about $221 million in grant aid to Afghanistan, Cambodia,
Ceylon, Ethiopia, Guinea, India, Indonesia, Nepal, Pakistan, the UAR
.(Egyptian sector), and Yemen.
c. Including about $6 million in grant aid to Guinea, Morocco, and
Sudan.
d. Less than $1 million.
e. Not including about $353 million in credits extended in 1956 and
subsequently either canceled or allowed to expire.
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NASSIFI