Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-20
Programs
For Republics

lCSOAiOAAAO oCNCAopkucllJ VI y VIZ
orous and freely competitive
private sector and declare their
Intention Of taking necessary
steps to encourage private in
vestment which is prepared to
accept normal responsibilities
compatible with development Of
a modern economy. These
measures include establishment
of regional trade and promo
ton offices for the specific pur-
pose Of attracting private for
eign investment. They also
agree that development banks
or corporations should be estab-
llished in each country as soon
as possible to provide credit on
reasonable terms for the growth
of private industry, the Presi-
dent Of the United States Of
fering financial assistance to
their operation.
Currently they agree that
economic and social conditions
should be created to assure
labor Of an improved living
standard through better distri-
button Of national income. Fur
thermore. they agree to encour-
age and support free democratic
labor organizations as q means
of contributing toward greater
worker participation in the
common effort on behalf o. the
general welfare.
The Presidents also agree
that opportunities should be-
given to the people Of Central
America to build and purchase
their homes. There exist In
Central America national saw
ings and loan institutions which
have been assisted under the
Alliance for Progress, and
others are about to be created.
In order to give further support
for these national efforts, the
Presidents Of Central America
suggest that q regional home
loan department which would
be a secondary source Of home
mortgage funds should be
created as a division within the
Central American Bank for
Economic Indignation, and the
President Of the United States
agrees to offer technical and
financial assistance to It.
The isthmian Presidents In
dicate that Central American
institutions should be strength
ened as much as possible to
enable them to play a major
role in training personnel who
will be needed to put into effect
plans for integration Of the
ishmus. The large part Of the
responsibility for training will
devolve on the Superior Coun-
ell Of Central American Uni
versities. Recognizing, more
over, that trained manpower at
all levels is needed for eco
nomic development, they agree
TO a proposal Of the President
Of the United States to establish
a multi-million-dollar scholar
ship fund for vocational train
ing in agriculture and in In
dustry for young people Of out
standing ability who cannot
afford normal expenses of such
training. to which the United
States will offer substantial
financial assistance.
The Presidents note the pri-
mary role Of coffee in the eco
Monies Of Central America and
the Importance Of an internal
tional coffee agreement for
achievement of stable and re-
munerative prices.
They reiterate the intention
Of their governments to fully
support the agreement so that
1t viii serve as an effective in
strument TO improve the earn
lngs Of exporting countries
from coffee and TO promote
their economic development.
Other primary commodity
problems exist and the 18TH
milan Presidents will hand TO
President Kennedy studies on
these problems.
President Kennedy agrees he
will have them reviewed imme-
diately on his return TO Wash
ington.