West Germany has promised to provide up to 40 percent of a $40,000,000 standby credit to be granted Syria through the International Monetary Fund, a spokesman for the West German Economics Ministry announced here today. He said meetings between the two governments would take place soon to discuss investments and technical and economic cooperation.
(The IMF announced in Washington, meanwhile, that it had authorized the United Arab Republic to purchase $7,500,000 in foreign currency with its own currency. The drawing was the second to be authorized for the UAR by the Fund in the last two months. Last January, the UAR was authorized to draw $22,500,000 in foreign currency.)
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.