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Pastimes : Rage Against the Machine

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To: Thomas M. who started this subject1/30/2003 6:19:43 PM
From: Thomas M.Read Replies (1) of 1296
 
Turning the Tide

<<< Angered by a 1983 IDB agreement with Nicaragua for a $30.4 million financing of its fishing industry, Secretary of State George Schultz initiated a private campaign to torpedo another such loan of more than $100 million to the private agricultural sector, the very activity that the United States has said it hoped to preserve against an alleged Marxist takeover. >>>

<<< In one case, the US Chair of the IADB executive board insisted that a loan for rehabilitation of fisheries (accepted after considerable US-created delay) include a clause requiring Nicaragua to provide adequate fuel for fishing boats. This "mystified" the board, but they soon came to understand this curious demand: "The following week saboteurs blew up the fuel depot in the port of Corinto, their single most effective blow to the Nicaraguan economy" >>>

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