Share this story
Close X
Switch to Desktop Site

News In Brief

US, Zaire sign treaty designed to encourage investments

Zaire and the United States signed a treaty on Friday designed to encourage American investment in that country. It provides protection for citizens of either country who invest in the other. Americans already have $250 million invested in Zaire.

About these ads

The Reagan administration has been urging poor countries to encourage foreign investment as a way of easing their debt burden. US investment treaties have been signed under the Reagan administration with Egypt, Panama, Haiti, and Senegal, and are being negotiated with 11 other countries. None of the treaties has been submitted to the Senate for ratification.

Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.