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During their deliberations, the summit leaders were forced to give close attention to the international debt issue. All seven heads of government had received a letter from seven major debtor countries (Argentina, Venezuela, Peru, Colombia, Ecuador, Mexico and Brazil) expressing "anxiety," in the words of a British official, and the hope that the debt discussion be given "the right priority." The summit finally came up with a plan that a senior U.S. official said would "reward" debtors who are making "successful efforts to improve their position." The plan includes the notion of extending and improving the terms of debt repayment...

Author: /time Magazine | Title: Summitry: A Most Exclusive Club | 6/18/1984 | See Source »

...sides agreed to keep speaking. "These talks possibly alleviated U.S.-Nicaraguan distrust," said Shultz. "But trust is something you build up over time." The Secretary of State also insisted that his trip was not an independent negotiating bid, but an expression of support for the Contadora group (Mexico, Venezuela, Colombia and Panama), which has been trying to reach a diplomatic solution to the region's conflicts. The Shultz trip not only undercut critics who complain of Reagan's militaristic approach to the area's problems, but was a welcome change of tactics. For the first time...

Author: /time Magazine | Title: Central America: Starting a New Chapter | 6/11/1984 | See Source »

...pealed, and radio and television stations broadcast the national anthem. In downtown Bogota, more than 10,000 people gathered in silence as 1,000 doves were released from the parliament building. The occasion: the beginning of an unprecedented yearlong truce between the government and the Revolutionary Armed Forces of Colombia (F.A.R.C.), the largest of the country's five leftist guerrilla groups...

Author: /time Magazine | Title: Colombia: Making Peace with Guerrillas | 6/11/1984 | See Source »

...exchange for long-term supplies of natural gas, which started arriving earlier this year. The project was also financed by heavily subsidized loans granted by the West Europeans. Sorimex, a Renault subsidiary, takes coffee, phosphates and other commodities in exchange for autos in deals with such countries as Colombia, Tunisia, Turkey, Egypt, Rumania and the People's Republic of China. Last year those accords accounted for 30% of Renault's business with developing countries. Almost a fifth of General Electric's $4 billion in exports last year were under countertrade contracts...

Author: /time Magazine | Title: Modern Barter | 6/11/1984 | See Source »

...Rome, which also houses members studying theology. In addition, there is a global network of administrative centers. Members operate the University of Navarre, one of Spain's finest schools, where Opus disciples from many nations study business, engineering and communications. There are also universities in Peru and Colombia and high schools around the world. Houses near 300 university campuses are prime locations for recruiting and preparing new members. Opus also sponsors 200 social-services agencies. The movement has grown slowly in the U.S., where there are only 3,000 adherents, but in nations such as Chile, Kenya...

Author: /time Magazine | Title: Religion: Building God's Global Castle | 6/11/1984 | See Source »

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