Word: bolivians
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...will not invite the annoying people in my class back for the reunions. You know that weasely guy in your Ec 10 section who kept interrupting the section leader to regale everyone with his oh-so-droll anecdotes about the Bolivian economy? After you graduate, you'll never see him again...
...Alan Garcia Perez of Peru, who has called the Panama invasion a "criminal act," reiterated his threat to boycott the Andean drug summit set for Feb. 15 in Cartagena, Colombia, unless U.S. troops are withdrawn from Panama. Others scheduled to attend are Bush, Colombian President Virgilio Barco Vargas and Bolivian President Jaime Paz Zamora...
Beyond the ineffective and brief Operation Blast Furnace, in which U.S. helicopter crews carried local raiding parties into Bolivian jungles to shut down a few coca laboratories in 1986, U.S. troops have done little antidrug work abroad. The Navy has permitted Coast Guard officers aboard its ships along likely drug routes to make arrests if they come across smugglers. Some 75 U.S. military and police advisers are in Colombia on antidrug training missions...
...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...