Word: mexicans
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Dates: during 1980-1989
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This year the attendees had something new to talk about between sips and mouthfuls. Capping weeks of tense negotiations, the Mexican government and its commercial-bank creditors agreed on the terms for $6 billion in new loans and the rescheduling of payments on nearly half the country's $98 billion debt. It was the last piece in the $12 billion rescue package proposed by the IMF with Mexico in July to keep the Mexican economy afloat. No matter that the agreement was a day later than the IMF's Monday-night deadline: the unusual deal was unlike any other concocted...
...Mexican agreement is the first offshoot of the Baker Plan, named after U.S. Treasury Secretary James Baker, who proposed what he called a new "growth-oriented" debt strategy at the last IMF-World Bank annual meeting, a year ago in Seoul, South Korea. Baker had argued that the developing countries could not dig out of their hole unless their economies were given enough new money to help expand vigorously...
These threatened ecosystems have already proved a valuable source of medicines, foods and new seed stock for crops. Nine years ago, for example, a strain of perennial, disease-resistant wild maize named Zea diploperennis was found in a Mexican mountain forest, growing in three small plots. Crossing domestic corn varieties with this maize produces hardy hybrids that should ultimately be worth billions of dollars to farmers. A great many of the prescription drugs sold in the U.S. are based on unique chemical compounds found in tropical plants. For example, vincristine, originally isolated from the Madagascan periwinkle, is used to treat...
...things infuriate Mexican officials more than U.S. accusations that government bigwigs are involved in drug trafficking. Last week the Mexicans were angrily denying a report in the San Diego Union charging that Defense Minister General Juan Arevalo Gardoqui was one of 45 law-enforcement and political figures linked to narcotics. President Miguel de la Madrid Hurtado took the allegation so seriously that an official was dispatched to Washington to inquire whether the charges reflected U.S. thinking...
...suggestion of high-level Mexican involvement apparently surfaced during the investigation of the February 1985 torture-murder of U.S. Drug Enforcement Agent Enrique Camarena Salazar. Last week a Mexican law-enforcement official, Mario Martinez- Herrera, was indicted by a San Diego grand jury looking into the Camarena case. A suspected eyewitness to the murder, Martinez was also, according to the Union, carrying papers detailing a "network of payoffs" that allegedly implicated the Mexican officials. Martinez's lawyer dismissed the report as speculation...