X hits on this document

Powerpoint document

Economic Development of Central America Econ. 4200 - Spring 2004 – Dr. Taylor - page 134 / 153

372 views

0 shares

0 downloads

0 comments

134 / 153

Even though the government of Violeta Chamorro made great progress in the de-militarization of the country and national reconciliation, the economy remained a time bomb.

The continuing economic crisis and disagreements over policy directions destroyed the original base of Chamorro's political support. Battles between the legislative and executive branches of government virtually paralyzed the country.

But by July 1995, an accord had been reached between the two contending branches of government. Congress passed a "framework law" that created the language necessary to implement changes in the Sandinista Constitution of 1987.

The November 1996 election marked something of a watershed in Nicaraguan political history. Outgoing president Chamorro told reporters at the inauguration of Arnoldo Aleman Lacayo: "For the first time in more than 100 years ... one civilian, democratically elected president will hand over power to another.“

 The Aleman administration confronted a host of difficult problems. In the Western Hemisphere, only Haiti is poorer. Perhaps 80 percent of the population were unemployed or underemployed, and an equal percentage live below the poverty line.

Document info
Document views372
Page views372
Page last viewedFri Dec 02 20:33:23 UTC 2016
Pages153
Paragraphs1549
Words20865

Comments