Word: braziller
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Dates: during 1980-1989
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...million deal; it was the most unusual and complex rescue package put together since the debt crisis began in August 1982. Four Latin American countries provided $300 million to help Argentina meet its payments. The contributors included Mexico ($100 million), Venezuela ($100 million), Colombia ($50 million) and Brazil ($50 million). All except Colombia have big debt problems of their own. In addition, the major banks, led by New York City's Citicorp, offered $100 million in new loans, and Argentina agreed to kick in $100 million from its own reserves...
...time the Punta del Este conference broke up on Wednesday, the U.S. Treasury was taking the lead in hammering out the details of a rescue plan. For the next 48 hours, negotiators and financial technicians worked almost round the clock in both Buenos Aires and Washington. Representatives of Mexico, Brazil, Venezuela and Colombia joined in by telephone...
Argentina's $46 billion debt is only a fraction of the $335 billion that is on loan to more than two dozen Latin American countries. The biggest debtors are Brazil ($96 billion) and Mexico ($85 billion). Both are chafing under IMF-imposed austerity programs that have slowed down their economies. Mexico reported last week that its national output fell 4.7% in 1983, the worst performance in more than 50 years. Brazil's production dropped...
...debts if creditor countries erected "ever increasing protectionist measures" against imports from the developing nations. The day before De la Madrid spoke, the Reagan Administration announced a cutback in the number of products allowed to enter the U.S. duty free. Among the countries hit will be Mexico and Brazil...
...evasion. In 1980 he faced five years in federal prison for a conviction in another tax case. He was also up on a state charge of bribery, and the local D.A. was talking about seeking a life sentence for Conforte as a habitual criminal. Conforte skipped to Brazil, but within months he was in touch with federal authorities...