The Arab Development Bank. as it has become known. would provide loans to the Arab States as well as the technical assistance required in the formulation of development projects. would be managed by the Arab States themselves and would serve also to attract needed private investment funds to the area as well. While much has been said. and while preliminary plans have been drawn. no great progress has yet been made by the Arab States in the organization of an Arab Development Bank and it has not yet come to fruition. Such a regional economic development organization. based on selfhelp and mutual cooperation. could advance immeasurably the progress of the region. raise individual living standards. and apply itself to the nettling problems of health. communications. education. and primitive agriculture affecting the Mideast and. very importantly. in providing for the settlement of the Arab refugees. One of the primary aspects of a positive Mideast policy by the United States would be in respect of a regional economic plan for the area. Indeed. there is every assurance that other allied governments will cooperate in the financing of such a plan. notably the United Kingdom.
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refugees