Word: nde
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Creeping inflation is a specter. Last year Peru's cost of living edged up 11 % -still small by Latin American standards, but considerably higher than the 1963 rate. This year, Belaúnde's budget is set at $1.1 billion, 45% more than his budget in 1964. To help pay the freight, Belaúnde has raised import and mining taxes, tightened collections and cracked down on tax dodgers. The result has been a 60% jump in tax revenues. Yet his budget deficit is projected at $80 million this year-up 10% from 1964-and brings dour predictions...
...Busy Building. While Belaúnde builds, Communism tries to tear him clown. Each week, Moscow, Peking and Havana beam 110 hours of short-wave hate into Peru and the other west-coast nations. The broadcasts, in Spanish and Quechua, urge the Indians to take up their slingshots to "exterminate the capitalist wolves." From time to time, a few Red-led bands have invaded highland haciendas and stirred trouble in the mines. But the Communists are few and out of date in Peru. The country is too busy working on Fernando Belaúnde's Peruvian architecture...
...Lima presidential palace, Belaúnde has turned the ornate, wood-paneled state dining room into a wall-to-wall showcase for his housing, road and irrigation projects. Huge maps cover the walls, and dozens of scale-model projects are lined up neatly on tables. "This one will open in July," he says, pointing to a housing project. "We've just broken ground on that one over there." He turns to the maps with their probing lines thrusting east from the Pacific. "You know," he mutters, putting his finger on a village deep in the towering Andes, "that used...
Belaúnde intends to bridge the gulfs not so much by taking from the rich but by giving the peasant masses a stake in their country through massive social reforms and self-help development programs. He offers more food, better jobs, new roads, schools, hospitals, industries. He reminds the Indians of the Inca civilization that once flourished in Peru, talks of "a new renaissance," and challenges them to enlist in what he calls "the conquest of Peru by Peruvians...
Disgusted at the ever-expanding Lima slums and impatient for swifter reforms, Belaúnde finally decided to form his own political party a few months before the 1956 presidential elections. He named it Accion Popular, a catch phrase suggesting that the best help is selfhelp. No one would help the peasants unless they awoke from their coca-chewing lethargy and helped themselves-in the same cooperative, community spirit of their Inca forefathers. Working together, they could build roads and schools and hospitals -Belaúnde would see that they got the tools. "This was the philosophical idea," he says...