Show 20A Standard-Examin- Sunday er Nov 21 1982 He® eaors vo$5ft RIO DE JANEIRO Brazil (UPI) — President Reagan has more in store than good will in his four-da- y swing through Latin America He’ll spend as much time looking at bank books as slapping backs n tour Reagan’s 1 Dec in Brazil Latin begins America’s major power On his return route he will spend one day in Colombia and a few hours in Costa Rica two of the strongest democracies in a region dominated by military regimes Diplomats say Brazil’s high foreign debt rivaling Mexico’s as the world’s largest will be high on the agenda They say the visit also is a gesture of friendship to Latin America in the wake of the Falkland Islands war The United States backed Britain instead of Argentina which had the support of most Spanishspeaking nations Reagan’s visit to Brazil is seen by bankers as a message of confidence in a country having trouble keeping up its foreign debt payments Costa Rica is in a similar situation A much smaller country it owes less overall but per capita it has the biggest debt in the world at more than $1000 per person i mm port® ft® country remained neutral during the conflict but this visit will be a good opportunity for President Belisario Betancur and Reagan to discuss new avenues for the United States to improve relations in Latin President Joao Batista said recently before the United Nations that if reforms are not made in the world financial system another depression will result similar in scope to that of the 1930s Reagan has set two days of g talks with Figueiredo a general who has liberalized the Brazilian military regime The two men hit it off well when Figueiredo visited Fi-gueire- do three-natio- imil' debftsfttr®pped America” On the financial side Brazil is running neck and neck with Mexico for the dubious honor of the world’s biggest foreign debtor Both owe about $80 billion Up to now Brazil has been able to secure new loans from international banks in order to keep paying off the interest it owes on old ones However with Joel Korn Bank of America’s representative for Brazil said “Reagan’s visit will be very important to restore confidence within the financial market particularly at the level of the smaller regional banks” August’s Mexican payments crisis banks drastically re- duced such loans plain-speakin- Washington last May Late Dec 2 the US president will fly to Colombia Two days later he will stop in Costa Rica a longtime American friend that currently is seeking 6 re to make peace in Central America Washington shocked many Latin Americans last spring when it bruskly abandoned its mediator’s role and took Britain’s side against Argentina in the Falklands war Argentines argued that under the 1947 Treaty of Rio de Janeiro the United States was bound to support a hemisphere neighbor in any fight with an outsider They talked about a collapse of Washington’s attempts to limit Brazilian sales of airplanes shoes steel frozen orange juice and chickens and sugar Brazilian leaders will tell Reagan that if their country cannot export it is doomed 2 “SOW® ©QDG tRoD0?0 Holiday shopping Monday and Tuesday 10-- 9 Wednesday 10--6 Sorry no phone or mail orders (973) Closed Thanksgiving V mmmC inter-hemispher- ic solidarity and ostracism for the Americans US relations suffered but not as much as was first feared Washington scored points in Latin America this month by voting for a UN resolution supporting a negotiated settlement to Argentina’s claim to the Falklands In Colombia a foreign ministry staff member said “Our Brazil is unhappy with 0 000003 03300 X (VI a i Ns ’V v r i" J r m J M trim J i I! v Children's Dressmaker fit v h reg 249 yd flame retardant prints solids BV" w contour handle A v V reg 499 pr 1 values to 499 yd vvxt United Press International prints stripe & plaid shirting ” 54-60- reg to 299 yd PULLMAN TAILORS HUGE y D3 DD D Bd § D v ' w v Gathered lace Assorted notions lean zippers prints " DD sewing necessities x'Y values to 399 yd Stretch velour for tops § 20 velvet underyards Printed flannel T-sh- irt stripessolids values to 499 yd Smurfs prints cutouts Values to $2250 reg to 429 yd r 50oo0FF 12 to 4 yd Van Heusen Arrow Manhattan Career Club and more are all on sale! 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