Word: costa
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Dates: during 1980-1989
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...first clear indication of the government's moratorium on elections came late last month in a speech by Humberto Ortega Saavedra, 34, the Defense Minister. On the same platform was the visiting President of Costa Rica, Rodrigo Carazo Odio, who had made a strong plea, as advice from a neighbor, for early elections. But when it came his turn to speak, Ortega announced that elections would not be held until 1985. "The economic and moral destruction of the country is of such magnitude that it cannot be rebuilt before 1985," he said, by way of explanation...
...COSTA RICA. The one golden link in the Central American chain appears to be Costa Rica, with its 32-year history of peaceful democratic government. But the blessings of political stability have recently been clouded by economic difficulties...
...capita income ($1,650), the country ran up a formidable $650 million trade deficit last year, mainly because of spiraling oil bills. The result has been declining growth, rising food prices and increased labor unrest. Warns Economist Angel Rodríguez Echeverria: "Unless we resolve our economic problems, Costa Rica could become vulnerable to the troubles of other Central American countries...
Some relief is coming from a petroleum pool that has just been created by Mexico and Venezuela, Latin America's major oil producers. The agreement, pro viding 160,000 bbl. to the region's petroleum importers with 30% credit, was signed last week in the Costa Rican capital of San José by Mexico's President José López Portillo and Venezuela's President Luis Herrera Campins. The magnanimity was in keeping with the two countries' intensifying roles as concerned economic godfathers to Central America...
...Costa Rica played a godfather role of its own during the Nicaraguan civil war: President Rodrigo Carazo tacitly aided the Sandinistas by allowing them to ship arms across his territory and establish training camps along his border. The Sandinistas even set up their government in exile in San José. That role apparently caused some frictions with Washington at the time, but the Carazo government remains strongly pro-U.S. and antiCommunist. Says former Foreign Minister Gonzalo Facio Segreda confidently: "If the extreme left takes power in El Salvador, the leftists rest-of but not Central Costa America Rica." will...