Pact of Madrid

[1] The 1953 accord took the form of three separate executive agreements that pledged the United States to furnish economic and military aid to Spain.

[2] 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] 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.