Word: argentina
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...medical bulletin on ailing Latin American debtors, the condition of Argentina, which owes $48 billion to foreign creditors, changed last week from critical to merely serious. The International Monetary Fund said that it had reached a preliminary agreement with Argentina on an economic program that will qualify the country to borrow nearly $1.2 billion from the agency. Buoyed by the prospect of new credit, Argentina was able to pay foreign banks some $250 million in overdue interest...
...bankers have little reason to rest easy, however. To satisfy the IMF, Argentina made promises that will be very hard to keep. The country pledged to slash its 1,010% inflation rate to 150% by next spring. To help do that, the government of President Raul Alfonsin agreed to cut public spending by 12%, to hold wage hikes to only 90% of inflation and to set up a new unit of currency called the austral that will be worth 1,000 old pesos. Such measures could increase social unrest, but Alfonsin seems determined to see them through. Said...
...Stroessner's personal physician, as well as the dictator's special adviser in a genocidal campaign against Paraguay's Ache Indians. Like some dark spirit, he seemed to be everywhere at once, often hidden behind sunglasses; he was sighted in Bolivia, Uruguay and Chile, and in the jungles of Argentina, Brazil and Paraguay...
...very concerned." Indeed, a new generation of nuclear powers, and would-be powers, is maturing. Known among experts as the "phantom proliferators," these countries are contributing the most significant uncertainties about the future of nonproliferation. The phantoms are India, Pakistan, Israel, South Africa and, to a lesser degree, Argentina and Brazil...
Brazil and Argentina are thought to be much further away from bomb-making capacity, but both countries show serious intentions of retaining at least the option for weapons development, even under their recently restored civilian governments. Both also seemingly intend to involve themselves as much as possible in peaceful nuclear commerce, thus extending an expanding web of nuclear relationships...