Word: chiles
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...three nations most plainly in need of the kind of help the new bank can offer are Bolivia, Paraguay and Chile. But Bolivia's President Hernan Siles Zuazo has been backing a stern anti-inflation program with everything from hunger strikes to threats to resign, and there are hopeful signs of recovery. Paraguay's President Alfredo Stroessner, reinaugurated last week, has stabilized the currency, balanced the budget and held the rise in cost of living to a low (for Paraguay) 1% per month. And Chile's President Carlos Ibanez has sacrificed his personal popularity to back tough...
...concerts were in such short supply that they were hawked for as much as $30 apiece. Whatever the program, audience and critics were invariably breathless at the Philharmonic's high professional gloss. Wrote a Santiago critic: "The orchestral interpretation is simply marvelous, with a perfection to which Chile has never been exposed." Said a rapt Rio critic: "We never heard such beauty before...
...spittle on his turbulent good-will swing through Latin America. After Nixon returned home, one of the main points in U.S. reappraisal of Latin American relations was that reasonable U.S. aid should be promptly and cheerfully given. Last week the U.S. cut through red tape and delay to lend Chile $25 million and Colombia $103 million...
Approval of Chile's $25 million came so rapidly that details-including formal signing of the loan agreement-have yet to be ironed out. The Export-Import Bank will probably put up $15 million; the rest will most likely come from Mutual Security Agency coffers. Even the use to which the money will be put is not certain, but basically the loan's function will be to provide a dollar prop for Chile's sagging peso, hard hit by a world slump in copper prices. Last week the peso was so shaky (off from...
...Chile's copper exports will be off some $225 million this year, pushing the country into an overall $95 million trade deficit. Bolivia, which gets about 80% of its export money from tungsten, lead, tin and zinc, whose prices are off as much as 30%, is in the same economic fix. So are such metal-producing African exporters as Rhodesia and the Belgian Congo, whose exports of nonferrous metals were hit by a 9% price decline in the first quarter of 1958 alone...