184. Telegram From the Embassy in Argentina to the Department of State1
1914. Reference: Deptel 1579, June 4;2 Embtels 19113 and 19124 June 5. When I suggested Brand’s visit I had in mind it might have two [Page 572] principal results: (1) bolster Frondizi; (2) give support to Del Carril who trying cooperate fully with IMF in carrying our stabilization program.
Frondizi’s position recently and Del Carril and his technical team seem to be gaining in authority within government; especially since Frigerio’s disengagement.
I still believe Brand’s visit will be useful so long as it does not lead to false impression new loans are in offing. Possible presence in group of advisory committee members would have to be evaluated from this standpoint.
Suggest Bank include in its statement announcing Brand trip reference to circumstance that Argentina has not requested new credits (which is true) and that he is going to discuss use of credits already extended and not yet utilized. Suggest, also, that before public announcement, Embassy be instructed to check informally with Del Carril to make sure government willing Brand visit Argentina to discuss use of existing credits.
- Source: Department of State, Central Files, 835.10/6–559. Confidential.↩
- In telegram 1579 to Buenos Aires, June 4, Brand and Rubottom informed Beaulac, in part, that Waugh was agreeable to his suggestion of an Export-Import Bank visit to Argentina in the latter part of June or early July. Beaulac was instructed not to discuss the decision until so advised. (ibid., 835.10/6–459)↩
- Telegram 1911 from Buenos Aires, June 5, reported that representatives of the official banks had announced an end to the bank strikes. (ibid., 835.062/6–559)↩
- In telegram 1912 from Buenos Aires, June 5, the Embassy noted, among other things, that it was proceeding on the basis at this stage that the Argentine Government had made no additional loan request to the United States. (ibid., 835.10/6–559)↩