Word: punta
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Dates: during 1961-1961
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Though a few hypersensitive Latin Americans may not be pleased to deal with a man from a small-sometimes belittled-U.S. territory, there is an undeniable logic to Kennedy's decision. For all the noble sentiments expressed at the Punta del Este conference in Uruguay-last August, the Alliance will work only if U.S. aid ($20 billion promised over the next ten years) is matched by thoroughgoing reform throughout Latin America. In Puerto Rico, Moscoso was the business end of just such a partnership. While liberal Governor Luis Muñoz Marin cleared slums, built hospitals and educated...
...Punta del Este conference three months ago, every Latin American nation (except Cuba) agreed to get busy on the necessary reforms. But a fortnight ago, back from a trip through Latin America, one of the Kennedy advisers who helped shape the Alliance said sadly: "I've got to report that the Alliance is not working yet. We've got to light a gigantic bonfire under the Latino ruling classes, and we've got to do it immediately. We had expected the Latins to respond, and they promised they would, but with few exceptions [Venezuela, Colombia, El Salvador...
...which has $1 billion capital, $450 million of it pledged by the U.S. In its first year of operation, the IDE has granted 40 loans totaling $139.5 million to 18 Latin American countries, and the money goes faster each week-17 loans worth $49.5 million in the month since Punta del Este. Last week the IDB approved $500,000 for economic planning in Colombia, a hefty $13 million for four irrigation projects in Mexico. So solid is the bank's program of loans for basic social underpinnings that four European and five U.S. banks agreed to participate...
Berlin was the worst problem confronting the President of the U.S.; it was by no means the only one. Following Johnson into the White House came Treasury Secretary Douglas Dillon, back in the U.S. from the Alliance for Progress conference in Punta del Este. The crucial importance of that conference, at which the U.S. proposed to help its Latin American neighbors with a $1.1 billion, ten-year loan program, was underlined last week by the sudden resignation of Brazil's President Jánio Quadros in a crisis that began over Quadros' too enthusiastic welcome for Cuba...
...conference, one observer compared the illiterate, hungry people of Latin America to fish caught beneath the ice, and the Punta del Este delegates to skaters above. To the fish, the skaters and their complicated figures mean nothing; the only thing that counts to them is the act of cutting through the ice and sending down food. Dillon put the same message in his own dogged way: "Although we have charted the way to progress, plans alone will not feed the people, cure the sick or educate our children. We must now undertake the hard and steady work of making...