President Eugene R. Black, of the World Bank today made known that the bank is “fully aware” of the Israel transit issue involving the Suez Canal and he has been in personal “close touch” with United Nations Secretary-General Dag Hammarskjold.
The World Bank, formally known as the International Bank for Reconstruction and Development, is currently considering an application by the United Arab Republic for a loan to expand Suez facilities. Mr. Black voiced his views in a letter of reply to Rep. Seymour Halpern, New York Republican, Rep. Halpern, together with other Congressmen, had raised an issue with Mr. Black over whether the bank should lend the UAR money at a time when anti-Israel blockade restrictions were in force.
Mr. Black told Rep. Halpern: “We are fully aware of the issues that have arisen in relation to passage of vessels and cargoes through the canal, and I have personally been in close touch on this subject with Secretary-General Hammarskjold who is, as you know, endeavoring to bring about a solution. I have taken note of the views expressed in your letter and assure you that they will be given consideration when and if the matter of a loan for improvement of the canal comes before the bank for decision. In the meantime, I am sending a copy of your letter to the executive director representing the United States.”
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