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Declassified per Executive Order 13526, Section 3.3 NND Project Number: NND 63316. By: NWD Date: 2011  of the Treasury John Leddy, with State and ICA members, should be dispatched to Saigon to work out in conjunction with the Ambassador a plan whereby combined U,S. and Vietnamese financial resources can best be utilized. This group's terms of reference should cover the broad range of fiscal and economic problems. Authority should be given to make concessions necessary to achieve our objectives and to soften the blow of monetary reform. Ambassador Nolting and perhaps the Vice President should notify Diem of the proposed visit of this group stressing that their objective is clearly to maximize the joint effort rather than to force the Vietnamese into inequitable and unpalatable actions.

(2) As a part of the foregoing effort, an assessment should be undertaken of the fiscal and other economic implications of a further force increase from 170,000 to 200,000 (as noted in the Military section above).

c, Undertake the development of a long-range economic development program as a means of demonstrating U.S. confidence in the economic and,political future of the country by the following action:

(1) Authorize Ambassador Nolting to inform the G.V.N. that the U.S. is prepared to discuss a long-range joint five year development program which would involve contributions and undertakings by both parties.

(Economic details in Annex 4.) Rh