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...nations will hear a report on one part of the Alliance for Progress that no one complains about. It is the Inter-American Development Bank, a sort of hemispheric version of the World Bank, founded three years ago in Washington and run ever since by Chile's Felipe Herrera, 40, an able and articulate economist. To give the bank its $1 billion capital, the U.S. subscribed $450 million; Latin American nations put up the rest, each giving according to its wealth. On top of this the bank also administers $394 million in Alliance for Progress funds. From the bank...

Author: /time Magazine | Title: The Alianza: Everyone's Bank | 4/26/1963 | See Source »

...Protestantism is a major cause of anti-Spanish feeling in the world. One influential Spaniard who feels most strongly on the subject is Spain's Foreign Minister Fernando Maria Castiella y Maiz, 55, a Basque and a close friend of Malaga's reform-minded Bishop Angel Herrera. Six years ago, Castiella began sounding out Spanish prelates on the need to do something to ease non-Catholic tribulations in Spain. By way of setting an example, he persuaded the government to compensate the British and Foreign Bible Society for a police raid on its headquarters in 1956, and blocked...

Author: /time Magazine | Title: Protestantism: Emancipation in Spain | 2/8/1963 | See Source »

...nationalist point of view, foreign investors exploit local resources while stuffing huge profits in faraway pockets. It was no surprise then, when Guillermo Herrera Carrizosa, head of the Colombian government's Development Corp., early this year complained about companies taking more out of the country than they put in. He said that foreign businessmen operating in Colombia bring "little more than technique and a name," charged that instead of increasing the needed inflow of dollars, they develop their profitable enterprises by borrowing from local financial institutions...

Author: /time Magazine | Title: Investment: Where the Money Goes | 10/5/1962 | See Source »

...several years important churchmen have been edging away from Franco's philosophies. Bishop Angel Herrera of Malaga has been exposing Spain's social inequities from the pulpit for more than a decade. In 1960, a letter was signed by 352 Basque priests condemning the regime's stifling of basic freedoms; last year several Catholic archbishops urged El Caudillo to drop press censorship...

Author: /time Magazine | Title: Spain: Toward a Change | 6/22/1962 | See Source »

...Luis Herrera de la Fuente, conductor of the Mexican National Symphony Orchestra, has agreed to lead the HRO in a piece of Mexican music in the July 9 concert at the Palace of Fine Arts in Mexico City...

Author: By Hendrik Hertzberg, | Title: JFK, Stokowski May Visit HRO | 5/4/1962 | See Source »

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