The Eastern Economist November 24 1950

This criticism however has now been substantialy met for the World Bank is to liberalise the conditions on which it will lend and the Gray Report in the United States has recommended both that the loans granted by the State Department should be expendable throughout the world and that the United States should be ready in case of need to fnance the local costs of any plan. [...] 777 Back to the Nile THE opening of the Egyptian Parliament last week provided the occasion for the Egyptian Goverment to revive the slogan of the unity of the Nile Valley which has bedevilled British Foreign Policy in the Middle East for over three decades. [...] And the first indications were given even at the opening of the first session of the Parliament last January when the Goernment declared its intention to make resolute and effective efforts to speed up the evacuation of both parts of the Nile valley and protect its unity under the Egyptian Crown." The announcement of last week is of importance not as much to the substance as to the stiff and u [...] The recent events of World War II especially the North African compaign the Sicilian and Italian invasions—clearly illustrated the strategic value of the need to keep the Mediterranean in friendly hands and it is indisputable that the key to such control lies in the access to the straits of Giraltar at one end and the Suez at the other. [...] Nothing illustrated the unreality of Government's policy of self-sufficiency so effectively as the speech of the Minister for Works Mines and Power the moral of which was that irrigation development alone if achieved according to the official programme can secure the required addtional production in the space of about five years.