WORLD IN BRIEF : NICARAGUA : $300 Million OKd for Recovery Plan
From Times Staff and Wire Reports
The United States and more than 30 other donors pledged $300 million in aid to breathe new life into Nicaragua’s economy, which has been exhausted by war and sanctions. Speaking at the end of a conference in Rome, President Francisco Mayorga of the Nicaraguan Central Bank said, “This is far more than we had even hoped for.†The conference was called to pledge funds for an emergency package requested by the new U.S.-backed government of President Violeta Barrios de Chamorro.
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