NICARAGUA is in ruins. More than 30,000 out of a population of two and a half million have lost their lives, a third are homeless, without work. It is hoped to salvage the coffee crop, but the cotton yield is expected to drop by 75 per cent — and cotton usually accounts for a quater of export earnings.
Somoza burnt three-quarters of the factories, gross product is expected to fall by 15-20 per billion dollars, and an estimated 2.5 CCIL. The foreign debt dollars aid Is immediate purposes.
Despite the devastation, the people are displaying the enthusiasm born of a truly. popular uprising. food distribution and brigades are everywhere.
At the same time, the leaders of the provisional government (made up of the Sandinistas and figures) flit negotiations with the Cuban workers state, the US state department, other Moral acuucial.
and 750,000 are nationalised, tirst days) financial Somoza's land Nicaragua's national hands of state administrators.
1.3 landless peasants.
IS needed Economy Clean-up, the LICW production imperialist and have been ruled 'progressive economy has been between investment independence'. Latin American states, and European partly to stem the flight of capital (250 million dollars in the and to stabilise the infrastructure. All of - 30 per cent of best has been nationalised, but will remain in the Only fallow land will be given to the 60,000 3U01L Somoza's capital has also been taken over, and some people estimate Latin government HOW controls 60 per cent of the economy:
nationalisations of capitalist interests mixed proclaimed which the state will regulate foreign national
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Government measures have flowed thick and fast. The banks have been
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