Chile: the balanced view : a recopilation of articles about the Allende years and after

establishment of a solid basis for a long-Ierm development. II would be a pity, as much for Chile asfor Ihe creditors, if the type of political considerations should interfere in the satislactory arrangement 01 the technical and financial sphere. The future economical relalions between Chile and the creditor countries depend to a great extent on the agree– ment which is to be reached at the negotiations of the "Club de París". 11 is clear that in order to fil! the breach, Chile will not only need loans for projects but also for programs. The loans for specific projects cannot be disbursed as quickly as circumstances require; they need prepairing, study and appraísal. Although we see the need forvarious loans for projects, specially transportation, energy, mining and agriculture and industry, we consider that loans per programs or sector loans tor financement of importation of spare-parts, tood and other products of primary need are essential to succeed ih a quick reconstruction of economy. This is why there is no doubt as to the need to start negotiations with some Latín American countries which have a favorable position as to the availability of financial resources in order to help, together or separately, to mitigate ttie breach which, I repea!, is partly aUributed to the high cost 01 petroleum. At this Secretary's Oflice, we have made the "r.evision" of many countries and we have a certain knowledge as to what can be done and what was done on other similar occasions. If countries like Indonesia, Brazil and others which in recent years found themselves in situations similar to Chile's, deserved the cooperation of.tfle international financial com– munity, Chile also de~erves it in view of the economic and social policy adopted tor its recovery and developmenl. CIAP's Secretary's Office lully supports the program which the Government has designed. As I have already mentioned, it is a realistic program, without sacrifying social recovery for economic and financial reconstructíon. Therefore, it has all the possibilities to succeed. In this appreciation, we entirely share the judgment 01 the Monetary Fund. Nevertheless, we emphasize that success cannot be reached promptly without the help and concerted and coordinated international cooperation, which can be granted Chile, during this period 01 emergency. NevRrtheless, there is no doubt that Chile will recover with external aid or without il. The probtem which is stated regards the sacrifices that are going to be imposed upon the Chilean people and for how long, if international cooperation is not suflicient and opportune. Mr. President, Ido not wish to extend mysell any longer -1 would only like to point out that we participate in these discussíons on a strictly objectíve and lechnícal basis. We are pleased to ofler the d istinguished delegation, as well as to the agencies and observers, our enthusiastic collaboration in any aspect 01 this meeting, so as to insure its success as much lor the Government and Chilean people as for CIAP. . 217