Word: chiles
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...years General Augusto Pinochet Ugarte, 72, has held Chile in his proud and dictatorial grasp -- once even boasting that "there is not a single leaf in this country that I do not move." So why shouldn't he have believed that Chileans would vote si last week in an extraordinary plebiscite on whether to extend his presidential term to 1997? But shortly before 2 a.m. on Thursday, an ashen-faced official stepped from La Moneda, the presidential palace in Santiago, and headed for a nearby government building. There he told TV viewers that the public had said...
Instead of forgiving loans, bankers are swapping debt for 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...
SANTIAGO, Chile--Gen. Augusto Pinochet's government conceded defeat yesterday in a vote he hoped would ensure his presidency until 1997, clearing the way for the first open elections since he seized power in a bloody 1973 coup...
...these and other measures, the past decade has seen significant gains in freedom, especially in the western hemisphere. In the late 1970s, only two countries in South America, Colombia and Venezuela, had freely elected governments. Today only two, Paraguay and Chile...
...Noriega and found himself ousted instead. Next month Chileans will have an opportunity to vote in a national plebiscite for or against a continuation of the 15-year-old authoritarian regime of General Augusto Pinochet. A no vote could mark the beginning of a return to political democracy for Chile, but many Chileans fear that it would not be honored by General Pinochet or other senior military officials...