Word: alianza
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Dates: during 1960-1969
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...they related the need for more American investment capital, both private and governmental, the end of discriminatory tariffs and of quotas for their exports. They expressed concern over the moribund Alliance for Progress, since 1961 the principal vehicle for U.S. aid to Latin America. Congress cut Alianza funds that Lyndon Johnson had requested from $625 million to a disappointing $336.5 million, and Nixon has publicly criticized the program's performance. At each stop, Latin leaders recited the litany of the region's social problems from illiteracy and overpopulation to the need for agrarian reform...
...Deputy Alianza Coordinator James Fowler warned: "The kind of saving represented by the House cuts is the type that a prosperous shopkeeper in a riot zone might achieve by failing to renew his insurance policies." Somewhat chastened, the Senate last week voted to restore $300 million of the cut foreign aid funds but the final figures must still be negotiated in a Senate-House conference...
...Bank-absent from Brazil since 1959-agreed to lend $80 million early this year for power projects. The International Monetary Fund, another long-absent investor, chipped in $125 million, plans to offer $120 million to $180 million more in new standby credit next year. And the U.S., which cut Alianza aid to Brazil to a trickle under Goulart, has granted more than $500 million in technical and economic assistance...
...HONDURAS. With 136 coups in 144 years of independence, this neighboring Central American republic (pop. 2,000,000) can at least thank Strongman General Osvaldo López, 44, for two years of political stability-and economic growth. With $25 million a year in Alianza aid, generous foreign investment, and their own nine-foot-deep topsoil, Hondurans have built a G.N.P. that this year is expected to add up to $460 million, 8% over last year. Bananas still provide $38 million (or 40%) of the country's export earnings, but the highly successful Central American Common Market has stimulated...
...firms have spent more than $25 million to build meat-packing plants, a bottled-gas facility, a hydroelectric station and an oil refinery. Last year, exports (mainly beef, lumber and cotton) earned $50 million, 23% more than 1963, and this year may rise another 10%. Some $27 million in Alianza aid has gone into agricultural, educational and communications projects, helped push 1,200 miles of paved roads into the rich but unexploited interior. Though the country's per capita G.N.P. is still one of the lowest in the hemisphere, it is expected to top last year...