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Inflation / Poor Nations #33518

ABC Evening News for Monday, Sep 30, 1974
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(Studio) World Bank president Robert McNamara says inflation creates desperate situation for poorest nations of world. McNamara urges oil-producing cntrys. and industrialized nations to provide $36 billion over next 5 years to assist dvting. cntrys. International monetary meeting opened by Ford.
REPORTER: Howard K. Smith

(White House) Thrust of statement aimed at oil-producing cntrys., although no threats made. [FORD - says United States wants more cooperation, not isolation, in dealing with worldwide inflation.] Some President' advisers advocate gasoline tax to increase revenue and discourage fuel consumption. Ford to spend rest of week drafting major plan for beating inflation.
REPORTER: Tom Jarriel

Jarriel, Tom;
Smith, Howard K.

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