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...Dillon laid down U.S. policy for negotiations under the 38-nation General Agreement on Tariffs and Trade (GATT). He teamed up with the Export-Import Bank and the International Monetary Fund to work out loan deals that eased temporary balance-of-payments problems for Brazil, Colombia, Britain, the Philippines, Chile and India. He took an immense interest in Latin American affairs, represented Ike at last September's Bogota conference, which programed the spending of $500 million in U.S. development grants. Dillon's monument was the Organization for Economic Cooperation and Development-a Marshall Plan successor that now molds...

Author: /time Magazine | Title: The Economy: Man with the Purse | 8/18/1961 | See Source »

...technical issue: how to review each nation's plans and allocate the Alliance for Progress funds. The original suggestion called for a board of seven "wise men" to sit in permanent session. The plan appealed to the small nations, but was violently opposed by Argentina, Mexico, Brazil and Chile, who looked upon the board as an attempt to jeopardize their sovereign right to plan their own economic development. Caught in the middle, the U.S. delegation moved quickly to find a compromise, arranged a secret caucus with Argentina, Chile, Brazil and Mexico...

Author: /time Magazine | Title: The Americas: Launching the Alliance | 8/18/1961 | See Source »

Increasing the Chapters. Protests are louder still in Chile. Reacting to a report by Presidential Envoy Adlai Stevenson that "economic stagnation continues in Chile," Minister of Mines Enrique Serrano put the blame on U.S. copper companies, announced that Congress would get a bill requiring the companies to 1) increase production by 15% yearly. 2) refine all their copper in Chile, 3) build housing for their workers. According to Santiago Radio Commentator Francisco Olivares. the Alliance for Progress could be very simply defined: "The Latin Americans have a problem, and the U.S. has a problem. The problem...

Author: /time Magazine | Title: The Americas: At Punta del Este | 8/11/1961 | See Source »

With the legislative situation well in hand, plans for more actual Peace Corps projects are in the works. Six have already been announced--to Tanganyika, Colombia, the Philippines, St. Lucia, Chile, and Ghana. The Ghana and Philippine projects call mainly for teachers; St. Lucia, Chile, and Colombia for agricultural experts and community developers; and Tanganyika for highly-skilled surveyors and geologists. Three of the projects--St. Lucia with Heifer, Inc., Chile with the Indiana Conference for higher education, and Colombia with CARE--will be run jointly by private organizations and the government. The Corpsmen bound for Colombia, Tanganyika, and Ghama...

Author: By Steven V. Roberts, SPECIAL TO THE SUMMER NEWS | Title: A Tour Through the Peace Corps | 8/10/1961 | See Source »

...most other Latin nations, land reform is more talked about than brought about. Chile has been talking reform for 30 years, but has settled only an estimated 4,000 families on redistributed land. In Peru, where peasant incomes are among the world's lowest, land-reform legislation is pending-and still pending. The need and the delay are much the same in Guatemala, El Salvador, Ecuador...

Author: /time Magazine | Title: The Americas: The Cry for Land Reform | 7/28/1961 | See Source »

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