To help the country get out of its post-war depression, the government allowed its currency to depreciate to its market value and reduced the number of regulations concerning business, Li told an audience of approximately 150.
These policies attracted greater foreign investment, freed up business transactions and enabled consumers to buy the lowest-priced, highest-quality goods, Li said.
Rebel Leader Warns of War
Unless Congress drastically cuts U.S. military aid to El Salvador, guerrillas may soon launch a new offensive against the Central American government, a rebel leader told a Boylston Auditorium audience yesterday.
Francisco Altschul, a member of the rebel group FMLN's diplomatic commission said that a reduction in U.S. aid might induce the El Salvadoran government to make concessions to guerrilla leaders.
"The U.S. government could bring pressure to make it possible to advance," Altschul said. "Unless the El Salvadoran military understands that it's not going to receive a blank check, it will not move [toward a negotiated agreement]," he said.