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| Selected Speeches |
| The Church of Haile Selassie I, Inc. |
| Chapter IX |
| Foreign Credits Nov. 03, 1959 |
| Selected Speeches |
| Haile Selassie the First - November 3, 1959 |
... As we commented at the beginning of the year, "...capital and labour
are necessary ingredients for wealth and prosperity and...these two factors
are absolute essentials for the economic development of Our country...'.
Although Ethiopia possesses abundant natural resources, vast amounts of
capital, far in excess of our present means, are needed to develop and
exploit these resources for the good of Our people. It was with this in
mind that We acquired credits from friendly countries such as the United
States of America, Yugoslavia, the Federal Republic of Germany, the
Union of Soviet Socialist Republics, and the Republic of Czechoslovakia.
For the purpose of implementing these credits and commercial
agreements, numerous missions have been sent and received during the
past year. It was with particular gratification, therefore, that, on Our
return form Our state visits to Europe, We were able to announce the
granting to Ethiopia by the great and friendly Union of Soviet Socialist
Republics of a four hundred millon rouble loan. This form of assistance
will be invaluable to our progress and should be deeply appreciated by Our
people. We should all realize that all of such substantial contributions of
capital represent years of untiring labour, of strict discipline, and of
self-denial on the part of those nations who have thus come to our
assistance. We must all recognize that these loans and credits call for
those same attributes from us in yet greater measure....
... In the field of commerce, an agreement has just been concluded, with
the United Arab Republic following the arrival of a special mission for that
purpose. A mission from the Federal Republic of Germany has recently
arrived to discuss the implementation of the credit agreement with that
country, and missions are shortly expected from the Union of Soviet
Socialist Republics and the Republic of Czechoslovakia to discuss projects
and methods of implementing the credits so generously offered.
Negotiations are at present being pursued with officials of the
Development Loan Fund of the Government of the United States of
America to permit the financing of yet other programmes. An economic
commission from Italy is expected to arrive in Our Capital in the near
future....
are necessary ingredients for wealth and prosperity and...these two factors
are absolute essentials for the economic development of Our country...'.
Although Ethiopia possesses abundant natural resources, vast amounts of
capital, far in excess of our present means, are needed to develop and
exploit these resources for the good of Our people. It was with this in
mind that We acquired credits from friendly countries such as the United
States of America, Yugoslavia, the Federal Republic of Germany, the
Union of Soviet Socialist Republics, and the Republic of Czechoslovakia.
For the purpose of implementing these credits and commercial
agreements, numerous missions have been sent and received during the
past year. It was with particular gratification, therefore, that, on Our
return form Our state visits to Europe, We were able to announce the
granting to Ethiopia by the great and friendly Union of Soviet Socialist
Republics of a four hundred millon rouble loan. This form of assistance
will be invaluable to our progress and should be deeply appreciated by Our
people. We should all realize that all of such substantial contributions of
capital represent years of untiring labour, of strict discipline, and of
self-denial on the part of those nations who have thus come to our
assistance. We must all recognize that these loans and credits call for
those same attributes from us in yet greater measure....
... In the field of commerce, an agreement has just been concluded, with
the United Arab Republic following the arrival of a special mission for that
purpose. A mission from the Federal Republic of Germany has recently
arrived to discuss the implementation of the credit agreement with that
country, and missions are shortly expected from the Union of Soviet
Socialist Republics and the Republic of Czechoslovakia to discuss projects
and methods of implementing the credits so generously offered.
Negotiations are at present being pursued with officials of the
Development Loan Fund of the Government of the United States of
America to permit the financing of yet other programmes. An economic
commission from Italy is expected to arrive in Our Capital in the near
future....
| Economic Development |
| Ba Beta Kristiyan Haile Selassie I |
| Ba Beta Kristiyan Haile Selassie I |