Reliance on US may ease, Salvadoran President says

President Alvaro Magana predicts El Salvador's economy, drained by civil war and falling coffee prices, will shake off its dependence on aid from the United States within two years.

''The economic aid the United States provides us is very significant and very important . . . and if it were a little higher, it would help us pass more easily through the difficult times in which we are living,'' he said.

Mr. Magana, head of El Salvador's mortgage bank before he became President May 1, spoke Wednesday, a day after President Reagan told Congress the government here was making enough progress on curbing human rights abuses and promoting reforms to warrant continued US military aid.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK