Fujimori dissolves Peru Congress amid new crisis in Lima
President Alberto Fujimori announced the dissolution of Congress and suspension of the constitution amid a sweeping show of military force. Armored units sealed key buildings as opposition leaders faced house arrest, while a national referendum on a new legislative structure was proposed but not dated. The move follows long clashes over austerity aims and Peru’s leftist insurgency.
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Latin America gains momentum in 1991 growth report
The Inter American Development Bank reports Latin America grew 2.7 percent in 1991 after a 0.8 percent decline in 1989. Argentina Chile Mexico Panama and Venezuela led gains with Venezuela showing the strongest per capita rise. Brazil and Haiti see weaker or flat results while debt and population trends shape future prospects.
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Pact with Japan May Aid U.S. Paper Firms
Washington aims to expand access for American and foreign paper companies in Japan's large market. The five year pact, announced by USTR Carla Hills, seeks to boost U.S. paper industry sales worldwide while addressing past barriers to inroads in Japan. Irene Meister of the American Paper Institute welcomed the deal as a major achievement.
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