Word: bolivians
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Dates: during 1980-1989
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...whose Citibank unit has more than $8 billion in outstanding Latin American loans, calls Sachs "a paid flack for the countries of Latin America." Wriston argues that widespread loan write-offs would prevent Latin countries from receiving new credit. At the same time, Julio Bravo, finance secretary of the Bolivian Worker's Central Union, charges that as a result of Sachs' advice, "salaries have decreased, the firing of workers has increased, and policies respond to the interests of the business sector...
...equity stakes in local companies. Citicorp last month swapped $66 million of Chile's debt for a $56 million stake in a forestry project. Some loans are being taken over by organizations concerned about the welfare of developing nations. Conservation International, for example, bought $650,000 worth of Bolivian debt from Citicorp at the discounted price of $100,000. Instead of demanding payments on the loan, the nonprofit organization has created a wildlife sanctuary in the Amazon Basin that the Bolivian government has agreed to protect...
Forgive George Shultz if he is eager to get home. After the Secretary of State flew to La Paz last week, suspected drug lords detonated a bomb as his motorcade drove into the Bolivian capital. The dynamite blast missed Shultz's armored Cadillac but shattered the windows of several cars, including the one carrying his wife Helena. Unintimidated, Shultz delivered a speech that praised the government's new anticocaine measures...
After the bombing, which the Bolivian government said was the work of local cocaine traffickers, Shultz gave a talk entitled "Winning the War Against Narcotics" at a La Paz hotel. Schultz praised Bolivia's anti-drug efforts and said that Congress "has looked at your law and your performance with great interest, and I trust that your steady commitment will convince the members of our legislative body of your serious intentions. To sum up, the drug traffickers are in trouble in Bolivia...
...Bolivian government blamed cocaine traffickers for the assassination attempt on the outskirts of La Paz, as well as for a second bombing yesterday at the U.S. commissary in the city. No injuries were reported in the later bombing, although the door of the commissary was damaged...