Word: nasser
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Soviet Foreign Minister Dmitry Shepilov reportedly has offered an easy-credit loan to help Egypt build its High Dam on the Nile at Aswan. Egypt's President Gamal Abdel Nasser is happy to have a counteroffer to set against the $270 million primary financing proposed by the U.S., Britain and the World Bank. (The Western offer awaits some ironing out of details, and is also stalled by U.S. reconsideration of where Nasser stands since his arms deal with Communist Czechoslovakia.) To get the Russian loan, Nasser would have to mortgage Egypt's all-important cotton crops...
Blue laws have showered down along the banks of the Nile since Lieut. Colonel Gamal Nasser took over Egypt. Not only is prostitution outlawed, but a boy who whistles at or flirts with a girl in public is liable to three months in jail, and taxis leave their inside lights on when a young couple gets in. Hand-kissing is frowned on, and alcohol is banned from official functions...
...follow. Right from the start of his Middle Eastern tour, Shepilov ran into one setback after another. In Cairo, Shepilov's indication that Russia was prepared to underwrite the entire cost of the High Dam at Aswan was received with polite evasiveness by his old friend Lieut. Colonel Nasser, who, up until now at least, has indicated a clear preference for having the U.S., Britain and the World Bank finance...
...final communique was full of talk of mutual regard, but the dam was not mentioned. Suspicion is that Nasser recognizes that acceptance of a Russian loan would give Soviet Russia a decisive and unwelcome voice in Egypt's economy, but is not above trying to use Shepilov to pressure...
Waiting Game. Another Nasser caller last week was World Bank President Eugene Black, who flew in to Cairo. Reportedly, Nasser told Black that he still preferred to accept the West's offer, and asked him to urge speed on the State Department, which has been holding things up since March-while it mulls details and makes up its mind about Nasser's intentions in the Middle East. In August, Nasser will go to Moscow on a state visit. If by then the U.S. and Britain have not settled with him, they may find that Nasser has picked...