Identifier
Created
Classification
Origin
09RIYADH857
2009-06-30 12:25:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Riyadh
how-toVZCZCXRO2358 PP RUEHDE RUEHDH RUEHDIR DE RUEHRH #0857 1811225 ZNR UUUUU ZZH P 301225Z JUN 09 FM AMEMBASSY RIYADH TO RUEHC/SECSTATE WASHDC PRIORITY 1067 INFO RUEHZM/GULF COOPERATION COUNCIL COLLECTIVE PRIORITY RUEHRL/AMEMBASSY BERLIN PRIORITY 0186 RUEHIL/AMEMBASSY ISLAMABAD PRIORITY 4775 RUEHMD/AMEMBASSY MADRID PRIORITY 0204 RUEHFR/AMEMBASSY PARIS PRIORITY 0812 RUEHSM/AMEMBASSY STOCKHOLM PRIORITY 0091 RUEHTC/AMEMBASSY THE HAGUE PRIORITY 0214 RUEHKO/AMEMBASSY TOKYO PRIORITY 0494 RUEHDH/AMCONSUL DHAHRAN PRIORITY 0125 RUEHJI/AMCONSUL JEDDAH PRIORITY 0206
UNCLAS RIYADH 000857
SENSITIVE
SIPDIS
E.O. 12958: N/A
TAGS: EAID EFIN PK SA
SUBJECT: SAUDI FOLLOW-UP ON TOKYO PLEDGE
REF: STATE 61218
UNCLAS RIYADH 000857
SENSITIVE
SIPDIS
E.O. 12958: N/A
TAGS: EAID EFIN PK SA
SUBJECT: SAUDI FOLLOW-UP ON TOKYO PLEDGE
REF: STATE 61218
1. (SBU) On June 29, EconCouns had an opportunity to speak
briefly with Saudi Fund for Development (SFD) Managing
Director and Vice Chairman Yousef Al-Bassam regarding Saudi
Arabia's follow-up on its pledge at the April 17 Tokyo
Donors' Conference.
2. (SBU) Al-Bassam said that Saudi Arabia had that very day
(June 29) authorized the release of $100 million of its Tokyo
pledge as export credits to finance non-oil imports from
Saudi Arabia. About three days earlier, Al-Bassam said, the
Kingdom had authorized the release of all of the $200 million
allocated to support reserves. As for the $300 million
destined for infrastructure projects, the SFD had recently
allocated $80 million to support dam/hydropower projects.
The Kingdom, Al-Bassam said, is awaiting a list of project
priorities from the Pakistani Government before allocating
the remaining $220 million.
3. (SBU) EconCouns reiterated reftel points, including USG's
appreciation for the Kingdom's generosity. Al-Bassam had no
substantive comment on the UN appeal for internally displaced
persons.
ERDMAN
SENSITIVE
SIPDIS
E.O. 12958: N/A
TAGS: EAID EFIN PK SA
SUBJECT: SAUDI FOLLOW-UP ON TOKYO PLEDGE
REF: STATE 61218
1. (SBU) On June 29, EconCouns had an opportunity to speak
briefly with Saudi Fund for Development (SFD) Managing
Director and Vice Chairman Yousef Al-Bassam regarding Saudi
Arabia's follow-up on its pledge at the April 17 Tokyo
Donors' Conference.
2. (SBU) Al-Bassam said that Saudi Arabia had that very day
(June 29) authorized the release of $100 million of its Tokyo
pledge as export credits to finance non-oil imports from
Saudi Arabia. About three days earlier, Al-Bassam said, the
Kingdom had authorized the release of all of the $200 million
allocated to support reserves. As for the $300 million
destined for infrastructure projects, the SFD had recently
allocated $80 million to support dam/hydropower projects.
The Kingdom, Al-Bassam said, is awaiting a list of project
priorities from the Pakistani Government before allocating
the remaining $220 million.
3. (SBU) EconCouns reiterated reftel points, including USG's
appreciation for the Kingdom's generosity. Al-Bassam had no
substantive comment on the UN appeal for internally displaced
persons.
ERDMAN