§ Mr. Fletcher-Cookeasked the Secretary of State for Foreign Affairs whether he will make a statement about 199W the part which Her Majesty's Government is to play in the provision by the Organisation for European Economic Co-operation of economic aid for Turkey.
§ Mr. Ian HarveyThe Turkish Government approached the Organisation for European Economic Co-operation in April with a request for help in setting their immediate and long-term economic difficulties. In response to this approach, an O.E.E.C. mission visited Turkey to investigate the economic situation. With their assistance, the Turkish Government drew up a long-term recovery programme and informed O.E.E.C. that it was resolved to put this into effect forthwith. In order to help the Turkish Government to do so, the Council of O.E.E.C. has invited member Governments to extend financial aid to Turkey.
Her Majesty's Government attach great importance to helping Turkey overcome her economic difficulties, and thus enable her to strengthen her position both in the European economic system and in the alliances in which we are partners. For this reason, Her Majesty's Government have accepted proposals drawn up by the Council of O.E.E.C. as a framework for a multilateral settlement and on this basis have offered to contribute the equivalent of ten million dollars in sterling as part of a substanial amount of economic aid to be provided by O.E.E.C. countries and the United States Government. Details of the terms and conditions of the loans by O.E.E.C. countries will be co-ordinated by O.E.E.C. and are now under discussion in Paris.