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The World

November 29, 1987

Presidents of eight Latin American nations are adopting a joint strategy to support their individual demands for better debt payment terms from the United States and other foreign creditors. Officials at the summit meeting in the Mexican resort city of Acapulco said the strategy reflects the shared conclusion of the eight countries that none can repay its debts without adequate financing and that interest charges on the debts should be made compatible with economic growth. The summit's eight participants--Mexico, Panama, Venezuela, Brazil, Colombia, Argentina, Peru and Uruguay--have combined debts of $343 billion.

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