Peru: Reforms & Credit

It was hard to argue with new President Fernando Belaúnde Terry's assessment of Peru's prospects as presented to Congress last week by his Premier: "The grave problems of our country are caused chiefly by low production levels, unjust distribution of wealth and income, the challenge of difficult and abrupt geography that hinders the development of our resources." It was just as hard to find fault with the aspirations of the program Belaúnde proposed to put things right:

>Agrarian reform that will provide for land expropriation and technical, economic and social support to help peasant farmers produce more.

>Broader economic planning...

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