Word: peso
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...political skills to defeat an even tougher opponent: Bolivia's ravaged economy. La Paz business groups estimate that the country's annual inflation rate will reach 30,000% this year. One of the new President's first acts was to announce an austerity program that included devaluation of the peso and renegotiation of the country's $4.8 billion foreign debt. ITALY The Mafia's Double Strike...
Mexican officials last week were once again struggling to bring their runaway economy under control. The government slashed the value of the controlled peso, which is used for the purchase of imports, by 20% in an effort to improve the country's trade balance. The new rate: 279 to the dollar. President Miguel de la Madrid and his Cabinet accepted 10% salary cuts, and a host of lower-level officials lost their jobs...
...week for a two-day fiesta of cocktail balls and panel discussions with top Mexican government officials and prominent alumni donors. The visit came almost exactly 10 years after Summers, then a top official at the Treasury Department, orchestrated the multi-billion-dollar loan package that rescued the Mexican peso from free-fall...
...festivities ended Wednesday with a farewell lunch at which Jaime Sepulveda, a Harvard School of Public Health alum who is now director-general of Mexico’s National Institutes of Health, hailed Summers’ role in the 1995 peso bailout...
...time of the bailout, Summers weathered heavy criticism from House and Senate Republicans, who lambasted the Treasury Department for failing to anticipate the peso crisis...