Word: brazil
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Dates: during 1960-1969
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...that purpose, pledged that the money would be "concentrated where it will contribute to lasting progress." About $507 million would go to the seven countries that have best helped themselves under U.S. aid and have avoided expenditures on "unnecessary armaments and foreign adventures": India, Nigeria, Pakistan, Tunisia, Turkey, Brazil and Chile. To underwrite loans and grants for the Alliance for Progress, Johnson asked for $580 million this year-$70 million more than Congress appropriated in 1964. To justify the increase, the President cited convincing statistics to show that the "governments and people of Latin America are accepting increasing responsibility...
...Things are looking better," said a Rio banker. "Things are looking better," agreed an important army colonel. "Things are looking better," chimed in a wealthy ore exporter. It might not show everywhere - inflation pushed ahead 86.6% in 1964 -but a mood of optimism was spreading across Brazil...
...International Monetary Fund last week announced a $125 million package, its first major dealing with Brazil since 1961. Added to a recent $453 million package from the U.S., it puts Brazil on an impressively sound financial footing...
...first of a bountiful crop of rice, potatoes and beans, estimated at 30% above last year's level, began to appear on grocery shelves, easing Brazil's chronic food shortage and starting stabilization of food prices after years of headlong advance...
...first seven months after the revolution, Brazil's notoriously fractious Congress passed a record 237 laws and constitutional amendments, more than a few at government pistol point. Among them were measures to increase taxes, adjust ridiculously low rents, head the country toward a central bank, start a sensible land-reform program, and assure private foreign investors of a square shake. When Congress reopens in two weeks, Castello Branco has another armful of proposals. He intends to let the air out of the government's bloated administrative payroll, a key move against inflation, deliver a plan for development...