March 6, 1990 |
Bush Administration officials met Monday with advisers to Nicaraguan President-elect Violeta Barrios de Chamorro and said afterward that they plan to propose hundreds of millions of dollars in U.S. aid for Nicaragua even before Chamorro is inaugurated April 25. Both American and Nicaraguan officials who participated in the talks declined to divulge the amount under discussion.
June 1, 1990 |
Inflation for the month of May reached 130% in Nicaragua, the highest level since 1988 as Managua waited for the injection of $300 million in U.S. aid to salvage a battered economy and stem the soaring cost of living, experts said. The U.S. Agency for International Development said it will send President Violeta Barrios de Chamorro an emergency infusion of $60 million to enable the government to meet its most pressing needs, including the purchase of badly needed oil.
October 21, 1990 |
When Nicaragua's new government yanked subsidies for public services, utility bills took off and diplomats hit the roof. But instead of simply refusing to pay, as many Nicaraguans are doing, the foreign officials organized a protest and their bills were put on hold pending an investigation. "We pay the light and water (bills) when they are normal, but not when they are exaggerated," said Soviet Embassy press attache Vyacheslav Spassky.
March 9, 1990 |
The economic adviser to President-elect Violeta Barrios de Chamorro said Thursday that Nicaragua will immediately need $600 million to $800 million to rebuild its fragile economy. He also called for re-entry rights to the United States for Nicaraguan emigres who return to help rebuild their homeland. In meetings on Capitol Hill, Francisco Mayorga outlined the new government's needs, according to Rep. Dante Fascell (D-Fla.), chairman of the House Foreign Affairs Committee.
September 19, 1990 |
After surviving a decade of civil war, Nicaraguans face inflation of 80% a month and three-tiered pricing that turns a shopping trip into an exercise for number crunchers. Many people tuck a calculator into purse or pocket before leaving home. "I have to think twice before going out to buy anything," said Susana Montenegro, a middle-class housewife encountered in a supermarket. "And not just because everything is so expensive. It's the conversions back and forth. They give me a headache."
March 4, 1990 |
Two U.S. senators called on Nicaragua's Sandinista army and the Contra rebels Saturday to turn in their weapons to help preserve the peace in their own country and to prevent their arsenals from fueling the civil war in El Salvador. Sens. Christopher Dodd (D-Conn.) and Phil Gramm (R-Tex.