Word: cornelio
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Dates: during 1960-1969
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...bank, a regional version of the World Bank, will fight Asia's crushing poverty by financing such sinews as industry, power, roads and transport. Jetting around the globe, teams led by gaunt Cornelio Balmaceda, the Philippines' Commerce Minister, have raised $936 million in capital for the banking marriage of East and West. Asian governments, which will control the bank, supplied $641 million of that money, the U.S. another $200 million. Europe left the bank shy of its goal of $1 billion in capital by pledging a disappointing $70 million; France and the U.S.S.R. stayed out, and Britain offered...