Loans to the Soviet Union have risen to $469 million in little more than a year and a half. These loans are long term and generally involve large projects for which there is little or no foreign competition. The political benefits to be derived from subsidized trade with the Soviet Union are as yet unperceived. and I suspect that the avaliability of credits beyond the ceilings in this bill will depend on the prudence with which the Bank uses its authorityand above all. on progress toward d6tente. more particularly. the liberalization of emigration policy in the U.S.S.R.. the Soviet role in the Middle East. movement toward strategic arms control and mutual and balanced force reductions in Europe. In addition to changes in the Banks charter regarding the Soviet Union and inclusion of the Bank in the budget. the conference report accomplishes other major reforms. They include a requirement that the Bank take into account the possible adverse effects of Exim assistance on U.S. employment. the competitive position of U.S.
Keywords matched
emigration