Word: alianza
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...Venezuela, from Mendoza and Gustavo Vollmer (sugar mills) to Henry Lord Boulton (shipping, Avensa Airlines, wholesale food), and Jesus Calvo Lairet, president of the Banco de Comercio. Initial capital, based on projected earnings of members for 1964, is $7,000,000. More funds will be raised from UNESCO, the Alianza and other national and international loan agencies...
Last week Peru's Congress was debating a $579 million budget for the coming year, biggest in Peru's history, and Belaúnde is discussing loans with West Germany, Great Britain, Japan, even Finland. The country's Alianza aid, Peruvians feel, has been snagged because of the disputed International Petroleum Co. concession (TIME, Nov. 8). But Belaúnde talks hopefully of agreement, and U.S. businessmen think he means...
Latin Americans have long complained that the Alliance for Progress is less an alliance than a series of bilateral aid agreements between the U.S. and 19 hemisphere nations. The U.S. now agrees, and at an Alianza meeting in Sao Paulo last November, an eight-man inter-American executive committee was set up to act as a clearinghouse between the U.S. and its Alianza partners. Last week in Washington, the Inter-American Economic and Social Council of the OAS chose Carlos Sanz de Santamaria, 58, Colombia's Finance Minister, to boss the committee...
Working indirectly with Assistant Secretary of State Thomas C. Mann (TIME cover, Jan. 31), Sanz and his committee will tackle the ticklish, difficult task of pinpointing aid needs, channeling requests and making recommendations on how Alianza funds should be spent. He has high credentials. Educated as a civil engineer, Sanz was a successful builder for ten years. Moving into politics, he became one of the best mayors Bogota ever had, served in four different Cabinets, was twice Ambassador...
Mann believes that the real hope for a peaceful, prosperous Latin America in the future lies beyond the Alianza-in each nation's pride in itself. Says he: "There are two kinds of nationalism afoot in Latin America. The first kind, I believe, is the best bulwark we've got against the Communists, and the Latin American who doesn't sense it isn't doing his country a bit of good. This kind of nationalism means knowing who you are and for what your country stands. But there's another kind-xenophobic nationalism. This...