Word: dominican
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Some exhibitions were disappointing no-shows. An early boast that Jacques Cousteau would make his own watery contribution did not turn out to be true. Belize, Honduras and the Dominican Republic were planning a rain forest that has not yet fully emerged from the mists. Nor should visitors expect the sort of vast enterprise undertaken at the World's Fairs in Montreal (1967) and in Osaka (1970). This is officially a World Exposition, on the scale of the one in Knoxville, Tenn., two years ago. Alongside that effort, New Orleans can hold its candle proudly, and with a raffish...
...always been tough. Now it is also touchier than ever. Although the IMF makes loans to rescue troubled economies, it is stirring up anger and defiance in developing countries of Latin America, Asia and Africa. In some places, the controversy has been boiling over into violence. In the Dominican Republic, most union leaders are insisting that the country break off relations with the IMF, blaming its policies for causing riots last month that left more than 50 people dead. Leftists around the world accuse the IMF of trying to impose capitalist values, and Finance Ministers in developing countries frequently protest...
Soon gangs of unemployed youths were throwing rocks at stores accused of price gouging. As the rock throwing gave way to looting, the Dominican Republic was plunged into the worst rioting the country has seen in 19 years. President Salvador Jorge Blanco quickly dispatched armored trucks and helicopters to back up police. Soldiers fired into the crowds. According to newsmen on the scene, several agitators suspected of looting were summarily executed. In a battle that lasted two days, 55 were killed, 400 wounded and 5,000 arrested. Property damage ran into millions of dollars...
...against Jorge Blanco, 57, began to grow in January 1983, when he announced the austerity program. The strict measures were imposed on the country by the International Monetary Fund (IMF) as the price for a three-year bailout loan of $430 million that a faltering economy desperately needed. The Dominican Republic is plagued by 30% unemployment, rising inflation that may hit 60% this year and a $2.5 billion foreign debt. Politicians on all sides felt that the measures placed an unfair burden on the lower classes, whose earning power has decreased by 50% in the past three months...
Jorge Blanco made a state visit to Ronald Reagan in early April, hoping to secure U.S. support in persuading the IMF to soften its conditions when new loan negotiations began this month. But because the Dominican Republic is a democracy and has no leftist guerrilla threat, Reagan praised its stability and offered no more than the $135.7 million U.S. aid package already approved for this year and eased restrictions on an additional $34 million in direct cash aid. The Dominican Republic now stands to gain $40 million dollars, mostly from a 2.8?-per-lb. duty exemption on its sugar exports...