Word: nde
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When Peru's President Fernando Belaúnde Terry began his six-year term last year, the rumbles were as loud as an Andean avalanche. Backed by the army, Belaúnde scraped into power with a bare 39% of the vote, and ranged against him were two men capable of destroying his fragile government-old-time APRA Party Chieftain Victor Raul Haya de la Torre, 69, and ex-Dictator Manuel Odría, 66. Both had been candidates against Belaúnde, ripped him as a "demagogue," even tried to pin a Red tag on him when leftists...
...best agrarian reforms for resettling 1,000,000 peasants on undeveloped land, a free-education bill that will take a youngster from elementary school through college, and a record $770 million budget to make a solid start on the programs. "When both sides want to agree," says Belaúnde reasonably, "agreement is no problem...
Peru's President was not acting from weakness but from new-found strength. For the first time since he took office six months ago, Belaúnde felt secure enough to deal swiftly and firmly with an explosive situation. Having won the presidency with only 40% of the popular vote, he has depended on the shaky support of the two major opposition parties in Congress. But in December municipal elections, his Acción Popular party won a clear majority throughout the country. And now with national sentiment on Belaúnde's side, the opposition has more...
With any luck, Belaúnde should do well. Peru has one of Latin America's most solid currencies (26.60 soles to the dollar) and a rapidly expanding industry (copper, manufacturing, fishing). The problem is to spread some of the soles around. In the highlands, 6,000,000 Indians still speak the language of their Inca ancestors, earn a bare $15 per family per year; city slum dwellers do little better. But Belaúnde's government has already built 2,200 low-cost housing units in Lima. He has pushed through a new universal-education law that...
Last week Peru's Congress was debating a $579 million budget for the coming year, biggest in Peru's history, and Belaúnde is discussing loans with West Germany, Great Britain, Japan, even Finland. The country's Alianza aid, Peruvians feel, has been snagged because of the disputed International Petroleum Co. concession (TIME, Nov. 8). But Belaúnde talks hopefully of agreement, and U.S. businessmen think he means...