336. Editorial Note
On July 19, the National Advisory Council, after reviewing a draft Export-Import Bank announcement presented to it, “approved for consideration by the President and Board of Directors of the Export-Import Bank the proposed recommendations for loans totalling about $151.4 million set forth in said draft announcement, with any appropriate changes in the proposed form and the timing of any announcement thereof to be determined by the President and the Board of Directors of the Export-Import Bank and the Secretary of State.” (NAC Action No. 907; Department of State, NAC Files: Lot 60 D 137, Actions) The full minutes of the meeting are ibid., Minutes. The loans were jointly announced by United States and Brazilian officials on July 31 in Washington and Rio de Janeiro.
A detailed analysis of the Export-Import Bank loans to Brazil and overall United States policy vis-à-vis President Kubitschek’s economic program is printed in Current Economic Developments, No. 499, August 7, 1956, pages 23–27. (Ibid., Current Economic Developments: Lot 70 D 467) Current Economic Developments was a semimonthly classified periodical prepared by the Bureau of Economic Affairs in the Department of State for internal use as a background and policy guidance report for policy-level officers of the United States Government serving in the United States and abroad.