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The World

March 26, 1985

Nicaragua urged the Inter-American Development Bank to reject a U.S. bid to block a Nicaraguan farm loan, charging that U.S. "financial blackmail" would undermine the bank's neutrality. In a speech to the bank's annual conference in Vienna, Joaquin Cuadra Chamorro, president of Nicaragua's Central Bank, asked that the $58.4-million loan for private farmers be put to a vote by the group's executive directorate "without delay." However, no formal decision on the loan is expected in Vienna. Secretary of State George P. Shultz has warned that U.S. contributions to the bank might be withheld unless the loan is deferred.

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