SINO-SOVIET BLOC ECONOMIC ACTIVITIES IN UNDERDEVELOPED AREAS

Document Type: 
Collection: 
Document Number (FOIA) /ESDN (CREST): 
CIA-RDP92B01090R000700020012-6
Release Decision: 
RIPPUB
Original Classification: 
S
Document Page Count: 
7
Document Creation Date: 
December 16, 2016
Document Release Date: 
August 2, 2005
Sequence Number: 
12
Case Number: 
Publication Date: 
June 19, 1961
Content Type: 
REPORT
File: 
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PDF icon CIA-RDP92B01090R000700020012-6.pdf122.32 KB
Body: 
Approved For Release 2005/08/22_ ,_CIA-R[ P~92-BO109OR000700020012-6 SECRET Copy N? 438 25X1 BIWEEKLY REPORT SINO - SOVIET BLOC ECONOMIC ACTIVITIES IN UNDERDEVELOPED AREAS EIC-WGR 1/140 19 June 1961 PREPARED BY THE WORKING GROUP ON SINO-SOVIET BLOC ECONOMIC ACTIVITIES IN UNDERDEVELOPED AREAS 25X1 SECRET Approved For Release 2005/08/22 : CIA-RDP92BO109OR000700020012-6 25X1 Approved For Release 2005/08/22 : CIA-RDP92BO109OR000700020012-6 Approved For Release 2005/08/22 : CIA-RDP92BO109OR000700020012-6 Approved For Release 2005p:+jRDP92B01090R000700020012-6 Summary of Events 2-15 June 1961 Recent events indicate that the Bloc has become increasingly in- volved in Cuban economic affairs. On 9 May a ship arrived in Havana with Czechoslovak and Polish machinery to equip six industrial plants; in June, new contracts were concluded between Cuba and the USSR and Czechoslovakia calling for increases in trade; a Czechoslovak official announced that his government had agreed to purchase Cuban minerals valued at $15 million and that the Bloc would be willing to buy all of Cuba's mineral production during the next 20 years; and the first large group of Cubans departed for training in the Bloc. On 11 June, Indonesia and the USSR concluded an additional protocol to the arms agreement of 6 January 1961 between the two countries. No details have been announced, but reports from Djakarta indicate that Indonesia has been seeking to increase the nominal value of the arms agreement from $250 million to $349 million, a development that would increase the credit figure for this agreement from $186 million to $276 million (assuming past discounts). On 2 June an announcement issued in Moscow revealed that the USSR had extended to Somalia a long-term credit of $44. 5 million for industrial and agricultural development and a credit of $7. 8 million for the financing of commodity deliveries. In addition, the USSR agreed to construct (on a grant basis) two hospitals, a printing plant, a school, and a radio station and to send Soviet doctors and teachers to Somalia. On 5 June the country concluded with Czechoslovakia scientific, technical, cultural, and trade and payments agreements. On 23 May, Ghana announced that an economic and technical assist- ance agreement with Czechoslovakia had been signed. This pact provides for a Czechoslovak credit of $14 million at 2. 5 percent interest. Approved For Release 2005' gRDP92B01090R000700020012-6 Approved For Release 2005SE j JRDP92BO1090R000700020012-6 A Nigerian economic mission has successfully completed talks in Czechoslovakia and the USSR. A joint communique issued at the end of the conversations in Prague announced that Nigeria and Czechoslo- vakia had agreed to establish diplomatic relations and that Czechoslo- vakia was willing to negotiate long-term economic aid. According to Pravda, the talks in Moscow resulted in a Soviet offer of economic aid and a decision to conclude a cultural agreement and to conduct negotia- tions leading to a trade agreement. Approved For Release 2005,VtDP92BO1090R000700020012-6 Approved For Release MA%APDP92BO109OR000700020012-6 CONTENTS Page I. Latin America . . . . . . . . . . . . . . . . . . 1 Economic Relations Between Cuba and the Bloc Since the Invasion . . . . . . . . . . . . . . . . Soviet-Indonesian Protocol to the Arms Agreement of 6 January 1961 . . . . . . . . . . . . . . . . 2 A. Recent Shipment of Czechoslovak Arms to Mali. . - 3 B. Bloc Economic Aid for Somalia . . . . . . . . . 3 C. Czechoslovak Credit to Ghana for Economic Assistance . . . . . . . . . . . . . . . . . 4 D. Commitments of Bloc Economic Aid to Nigeria . . 5 Approved For Release 2005 A1L2 gRDP92B01090R000700020012-6 25X1 Approved For Release 2005/08/22 : CIA-RDP92BO109OR000700020012-6 Next 4 Page(s) In Document Exempt Approved For Release 2005/08/22 : CIA-RDP92BO109OR000700020012-6 Approved For Release 2005/qq'/f:. R r DP92BO1090R000700020012-6 Approved For Release 2005/06(V "C-ftffP92B01090R000700020012-6