Brazil: Billion-Dollar Booster

Since 1961, the U.S. has poured some $780 million into Brazil only to see most of it disappear down the Amazon. The prospects became so disheartening that Washington aid to the wobbly, leftist regime of João Goulart gradually dwindled to a trickle. Last week, after eight months spent in careful observation of the revolutionary government of President Humberto Castello Branco, the U.S. announced that it is ready to try again with $453 million, a package that makes Brazil the greatest U.S. economic-aid beneficiary of any nation except Pakistan and India. With the addition of expected funds from international agencies...

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