Word: cartagena
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Finance and foreign ministers from several Latin countries, including Mexico, Argentina and Brazil, are planning to get together next week in Cartagena, Colombia, to discuss their debt problems. But Citibank Chairman Walter Wriston dismissed fears that the Latin nations would join forces to withhold payments. Said he: "They would be cutting off their source of funds. They would be cutting their own throats by setting up a cartel...
Last week the countries of the Caribbean, 27 nations in all, from such tiny islands as Grenada and St. Lucia, to such coastal powers as Venezuela, Mexico and the U.S., took a long step toward improving the region. At a meeting in the old Spanish colonial port city of Cartagena, Colombia, a majority gave initial approval to two treaties that should help encourage cooperative action toward a cleanup. One of those pacts governs all types of pollution; the other deals specifically with oil spills. Negotiated under the auspices of the U.N. Environment Program, the treaties are relatively toothless declarations...
...knows yet what effects these discharges may have on the sea, but marine scientists are not optimistic. In Jamaica's Kingston harbor, numerous fish kills have been linked to the high bacteria count in the water. Fishermen in Cartagena, site of last week's conferences, worry about the effect of mercury and pesticide levels on shellfish and other marine life. Known for their collections of picturesque coral and nourishing sea grasses, the Caribbean's shallow coastal waters are a rich breeding ground for sea life, ranging from shrimp, mollusks and crustaceans to numerous varieties of finfish...
...front knew all too well what had happened. Said Carlos Lleras Restrepo, 57, the Liberals' candidate for President next May: "The traditional parties have lost contact with a certain sector of the population." He meant the thousands of excampesinos who squat in squalid shacks surrounding Bogota and Cartagena and have been growing restive under the lackluster rule of Conservative President Guillermo León Valencia. During the campaign, Rojas drew enthusiastic crowds with his vivid lectures on economics, in which he argued that the way to get the peso on a par with the dollar was to "lock...
...most active U.S. bank overseas, Citibank this week will open its 127th foreign outpost in Colombia's port city of Cartagena. This year it has sprouted eight other foreign branches from West Berlin to Kuala Lumpur. At home, it has blanketed New York City and suburbs with 151 branches, fully exploiting its status as the city's only nationally chartered bank, thus being exempt from New York State's strict limits on branching. Hoping to catch up with Citibank, stockholders of Chase Manhattan last week voted to switch to a national charter...