Word: hipotecario
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...Chicago from 1951 to 1955, and subsequently worked for the Washington-based of American States. Magaña's nomination by the army reportedly stems from his practice of giving preferential interest rates to military officers during his 17 years as president of El Salvador's Banco Hipotecario. Said to have a flexible attitude toward the land-and banking-reform programs and a willingness to negotiate an end to the country's civil war, Magaña sees his new role as that of an "administrator" and "adviser...
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