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Embargo Fails to Halt Nicaragua Economic Decline
U S and other nations fill void left by Reagan embargo as Nicaragua slides since 1979. Soviet loans, Western buyers, and Canada Belgium Japan sustain exports while Somoza era debt grows to five billion. Reforms and sabotage aggravate shortages, unemployment near 40 percent, amid budget strain and army burden.
MENTIONED IN THIS ARTICLE
Managua
Nicaragua
United States
Reagan
World Bank
Inter-American Development Bank
Canada
Belgium
White House
Larry Speakes
Central America
Daniel Ortega
Soviet Union
Toronto
Jaime Wheelock
Sweden
Spain
Tran
Japan
U.S
Anastasio Somoza
Gilberto Guzman
Enrique Bolanos
Superior Council of Private Enterprise
Gowig
Bolanos
Somoza
William Hopper