The World : U.S. Stalls Nicaragua Aid
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Nicaragua’s bid for a loan from the Inter-American Development Bank was stalled by the Reagan Administration. In an unusually blunt letter, Secretary of State George P. Shultz warned the international bank that it risks losing its financial support from the United States if the $60-million loan is approved. Bank officials said the leftist regime’s loan application was scheduled for consideration this week but was delayed after Shultz’s warning.
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