Why Chile Merits a World Bank Loan


 

Publication Date: November 1986

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Esther Wilson Hannon

Research Area: Economics

Keywords: Economy

Type: Report

Coverage: Chile

Abstract:

U.S. critics in Congress and elsewhere will continue to demand economic sanctions against Chile since there are no other levers to push: Chile no longer depends on the U.S. for military assistance and long ago learned to do without U.S. public approval. The Reagan Administration must resist the pressure for punitive economic sanctions and continue to seek ways of aiding the Chilean people in their determined effort to restore democratic rule to their country without undermining their equally hard effort to improve their economy. Pinochetls intransigence, although bolstered by increasing violence by the left, is not going to stop the Chilean people from eventually returning to democracy. The U.S. must let them decide for themselves how and when this inevitable change is to occur.