The World - News from March 20, 1989
Negotiators i Amsterdam reached agreement on the conditions for an infusion of $26 billion to the InterAmerican Development Bank, a bank spokesman for the bank in Washington, said the differences between the United States and Latin American nations over the conditions for the bank’s recomposition of capital were overcome in a meeting in Amsterdam. “As such the capital increase will occur,” Sotero said. “It (the agreement) authorizes the bank to increase its lending capacity by $22.5 billion.” The meeting included the finance ministers of Argentina, Brazil, Mexico, Venezuela and a representative of the United States.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
