Word: nde
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...hard to argue with new President Fernando Belaúnde Terry's assessment of Peru's prospects as presented to Congress last week by his Premier: "The grave problems of our country are caused chiefly by low production levels, unjust distribution of wealth and income, the challenge of difficult and abrupt geography that hinders the development of our resources." It was just as hard to find fault with the aspirations of the program Belaúnde proposed to put things right...
...face of it, Peru last week had as much reason for rejoicing as Argen tina. After free elections, the military junta that had been running the country for more than a year stepped peacefully aside for the inauguration of President Fernando Belaúnde Terry, 50, a vigorous and ambitious architect. Peru's economy, left in good shape by the sound policies of ex-Premier Pedro Beltrán, and well tended by the interim military government, was in blooming health. The sol is one of the solidest currencies in Latin America. Foreign reserves stand...
...time, Belaúnde feels, to be gin bridging the deadly gulf between Peru's haves and have-nots by develop ing the nation that lies beyond the cities and the factories. During his campaign, Belaúnde journeyed to the remote out back of eastern Peru by canoe and mule team; ever since, he has talked endlessly of the riches that lie away from the sea, beyond the Andes. To open up the area to farmers and livestock producers, he talks of a new $216 million highway with almost mystical fervor. Another ambition is to start communal self...
Across his path stand barriers of political enmity and grudge. A year ago, in a disputed three-way election, old-time Revolutionary Victor Raúl Haya de la Torre, 68, beat Belaúnde by a bare 12,867 votes, but did not win the legally required one-third majority. The army, which bitterly dislikes Haya, an nulled the election and took over the country. Fairly defeated this time by Belaúnde but still feeling cheated, Haya last week joined political forces with the third candidate, ex-Dictator General Manuel Odría, 65, to form an alliance...
Though Belaúnde's tactics won him more than the one-third plurality set by the Peruvian constitution as a minimum for the presidency, he faces a tough period of horse trading to form a workable majority in Congress. Together his defeated opponents control two-thirds of Congress, and unless they can be persuaded to join a coalition, Belaúnde, scheduled to take office July 28, may find it easier to become a President than...