Pact of Madrid

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The Pact of Madrid, signed on 23 September 1953 by

Although not a full-fledged military alliance, the pact did result in a substantial United States contribution to the improvement of Spain's defense capabilities.^[1] During the initial United States fiscal years 1954 to 1961 phase, military aid amounted to US$500 million, in the form of grants.^[1] Between 1962 and 1982, a further US$1.238 billion of aid in the form of loans (US$727 million) and grants (US$511 million) was provided.^[1] During the period 1983 to 1986, United States military aid, entirely in the form of sales under concessional credit terms, averaged US$400 million annually, but it declined to slightly more than US$100 million annually in 1987 and in 1988.^[1] The military credits were scheduled to be phased out in the fiscal year 1989, in keeping with Spain's growing self-sufficiency in national defense.^[1] More than 200 officers and NCOs of the Spanish Armed Forces received specialized training in the United States each year under a parallel program.^[1]

See also

• First Francoism
• Spain–United States relations
• United States Air Forces in Europe
• 1966 Palomares B-52 crash

References