Debtors seek union to renegotiate Latin debt burden
Global debt nears $700 billion as Latin and other nations face defaults and austerity. Mexico and Argentina must raise $19 billion and $15 billion respectively by year end, while Poland must reschedule $26 billion by Nov 10. IMF relief looms amid stalled World Bank IMF talks.
MENTIONED IN THIS ARTICLE
Mexico
Argentina
Poland
Wilfried Guth
Deutsche Bank
West Germany
Andrew Carron
Brookings Institution
Venezuelans urged to curb spendthrift habits amid oil decline
President Luis Herrera Campins told Venezuelans to cut imports and curb lavish spending as oil revenues shrink. Imports reached 12.4 billion dollars last year with the United States supplying 45 percent. State firms must hand overseas revenues to the Central Bank to bolster reserves and renegotiate a 1.8 billion dollar debt as oil exports fall and spending cuts loom.
MENTIONED IN THIS ARTICLE
Caracas
Venezuela
Mexico
Luis Herrera Campins
United States
Central Bank of Venezuela
Mexico faces drought driven food import push
The drought-stricken country may spend over 1 billion dollars on imports this year as it searches for dollars to service foreign debt. In 1981 Mexico avoided grain imports, but drought now covers about 90 percent of arable land.
MENTIONED IN THIS ARTICLE
Soviet Union
U.N
Latin America
Mexico
International Monetary Fund
U.S
Vietnam
Chiconcuac
UPI
United States
Hector Gordon
Ministry of Agriculture
Also Mentioned on This Page
Furtado
World Bank
Bolivia
Romania
Costa Rica
IMF
Richard Peterson
Continental Illinois Bank
Chicago
Brazil
Celso Furtado
Toronto
Zaire
Community Education
Kirkwood
Sheraton Inn
Iowa Hall
Smulekoff
Bigelow
Dupont
NUAGE
Anso IV
Chateau Premiere
Chateau
Kensington
Smulekoff’s
Antron XL
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