Word: inter-american
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...done little to put into effect even his own unambitious promises. The Administration has not yet proposed to Congress a preferential tariff, which was promised in 1969 and which Japan and the European Economic Community extended to Latin America this summer. Of the $1 billion pledged to the Inter-American Development Bank a year ago, Congress has appropriated only $100 million...
Corporation to direct-in cooperation with the Overseas Private Investment Corporation and the Inter-American Social Development Institute-all U.S. economic development programs abroad. Certain to meet opposition in Congress, the plan would abolish the Agency for International Development, eventually close its foreign missions and bring home more than 4,000 AID employees now overseas. The corporation would work, instead, through international development bodies like the World Bank. Funneling aid through multinational organizations would free the United States from carrying the full burden of development aid and ease the client-patron hostilities that have crippled some aid projects. A technical...
...afraid of the Communists' strength, Allende has so far denied the Communists any key posts on his government planning team. That, of course, could change after his formal election as President. Late last week, in any case, Allende offered a government post to Felipe Herrera, president of the Inter-American Development Bank and a respected hemisphere financial expert. Herrera was said to be ready to accept if he believed that Allende would follow an independent, nationalist line...
Central to the Nixon proposals are the 112-member World Bank, the International Development Association and the Inter-American Development Bank, through which U.S. aid funds would be increasingly channeled. Under the direction of former Defense Secretary Robert McNamara, the World Bank last year granted $1.8 billion in so-called "hard" loans, at 7% interest with money raised through the sale of bonds, and $385 million in interest-free and very low interest "soft" loans that do not have to be repaid for 50 years...
Though half blind and half deaf, Argentine Author Jorge Luis Borges, 71, is still pouring out prose and poetry while lecturing and serving as head of Argentina's National Library. Last week, as he became the first winner of the new $25,000 Inter-American Literature Prize, Borges was characteristically modest, though candid: "I am not worthy of this award, but I will, of course, accept it nonetheless." As for the Nobel Prize that it is rumored he will get, he said wryly: "I would accept it greedily -like a Viking...