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World Bank loan aids Vietnam. US opposes direct funding
Nations outside the United States back a $60 million World Bank loan to Vietnam for irrigation and rice expansion, with oil exporters and the Netherlands contributing. The US abstains on direct aid but supports indirect funding via the IMF and World Bank, while Edward R. Fried warns against the Vietnam loan as policy. The project finances a Saigon River earthen dam to boost output by about 100,000 tons yearly, aiding postwar reconstruction amid regional tensions with Cambodia.
MENTIONED IN THIS ARTICLE
Washington
United States
Vietnam
Hanoi
World Bank
U.S
Netherlands
International Monetary Fund
South Vietnam
IMF
International Development Association
Congress
Cambodia
Uganda
White House
Bank
Edward R. Fried
Saigon
Ho Chi Minh City
Ing
Laos
Romania
Yugoslavia