Word: alianza
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Dates: during 1960-1969
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...architects of the Alliance for Progress is on his way out of Washington. He is Teodoro Moscoso, 53, the Puerto Rican businessman who helped mold the Alianza as its first U.S. coordinator. Last December Moscoso was moved out of the top job in President Johnson's general reshuffling of Latin American policymakers. Last week it was announced that he is resigning as a special adviser and U.S. representative to the new Inter-American committee (CIAP) that is supposed to guide the program. Wrote Johnson: "It is with the greatest regret that I accept the resignation of this able...
...Washington's alphabet soup, the Inter-American Development Bank is known by its initials IDB. Latin Americans call it el BID, or simply "our bank," and it is one part of the Alianza that no one complains about. Latin Americans had the original idea, have their own man in charge, and put up more than half of the initial $813 million capital. At the bank's annual meeting in Panama City last week, hemisphere finance ministers could count the impressive results: by the end of 1963, el BID had authorized no fewer than 192 development loans totaling...
...bank, it is also more than a bank," he said. "Therefore, we must expand our operations to respond to the needs of our national masses." The U.S. obviously agrees. Secretary of the Treasury Douglas Dillon brought to the meeting a U.S. offer of yet another $750 million in Alianza funds for el BID over the next three years...
More Muscle. While all this sounded good-as the Alianza's promises have all along-the Administration's performance in Latin American policy continued to raise questions. Word leaked that Assistant Secretary of State Thomas Mann told the U.S. ambassadors that the Administration planned to jettison as ineffective the U.S. policy of withholding diplomatic recognition and economic aid from new military regimes that take power by force. In the past three years, six Latin American governments-Argentina, Peru, Guatemala, Ecuador, the Dominican Republic and Honduras-have been overthrown by military coups. And in every case, temporary U.S. nonrecognition...
...basic principle of the Alianza is that government aid and free enterprise should work together as neatly as a pair of greased pistons. In practice, it is becoming increasingly evident that the pistons tend to get stuck. The Alianza actually works to the detriment of free enterprise, argues Guillermo Moscoso, a United California Bank executive and cousin of Teodoro Moscoso, U.S. representative in the Alianza's inter-American committee. After a three-month study of Latin American economies, Moscoso concluded that government-to-government programs operate "to the exclusion of the knowledge, power and wealth that free enterprise could...