Word: mexicans
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...conjunction with other western countries, the United States responded to Mexico's troubles with a patchwork bailout plan consisting of emergency food import credits, advance payments for Mexican crude oil, and $1.85 billion in loans from western central banks. But the real keys to the bailout were two longer-term proposals designed to restore Mexico's ability to pay off its debt in the future: $5 billion in credits from the International Monetary Fund and a $10 billion moratorium on debt repayments to major private banks. Both of these key provisions are contingent upon Mexico's acceptance of a stringent...
...goals comes in. If history is any guide, the IMF program in Mexico will include further currency devaluations, wage cuts, and higher prices for basic consumption goods. The result of these policies will be further misery for Mexico's hard-pressed lower classes--but not any increase in Mexican economic independence. Mexicans will simply continue to try to find work in this country. Indeed, immigration officials report that the peso devaluation was followed immediately by record numbers of Mexicans trying to jump the U.S. border...
...other words, as Hart pointed out during the Senate debate, immigration is both a domestic and a foreign policy issue. Washington should undertake cooperative efforts with other governments to curb excessive immigration. For example, even S. 2222 could have included a joint U.S.-Mexican education program to alert Mexicans to the proposed user fees. Beyond this, the U.S. government should support a greater role for developing countries in IMF decisions so that they may join in developing alternatives to the harsh "adjustment" program. The U.S. should also support political changes that are likely to end human rights abuses--like those...
...Mexican government nationalizes its faltering financial system...
Wearing the green, red and white sash that symbolizes Mexico's highest office, a somber President José López Portillo took the podium in the Chamber of Deputies of the Mexican Congress last week to give his final state of the union address before retiring in December. Few political leaders have ever had to deliver a valedictory under such grim and humbling circumstances. Mexico's economy is staggering in a profound crisis that threatens the country's political and social stability. Inflation is running at 60%. More than half the population is unemployed or working...