International records / Foreign Relations of the United States

50. Memorandum From Secretary of the Treasury Blumenthal to President Carter

hey return to their capitals, it looks as though the $10 billion or an amount very close to it will be raised. In Paris seven industrial countries pledged about $5.2 billion. Five OPEC countries pledged about $4.2 billion, and two others (Kuwait and Nigeria) are expected to add to that amount, so that the OPEC total would rise to about $4.4–4.9 billion. If the total falls slightly below $10 billion, there are other possibilities for “topping-up” the total. I regard this as a successful outcome. The total amount is adequate, and the balance between the industrial country group and the OPEC is r…