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G-50 Timeline
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The G-50's Third Annual Meeting features Lloyd Bentsen, former Secretary of the Treasury and Senator from Texas, John Deutch, Director of the Central Intelligence Agency, and Bob Woodward of The Washington Post. Topics discussed include international crime, the U.S. presidential elections and prospects for Latin America's political future.
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To help reach fiscal targets set by the IMF, the Argentine congress grants emergency economic powers to President Carlos Menem in February, allowing him to increase tax revenues and impose new taxes without prior congressional approval.
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Two private planes owned by the group Brothers to the Rescue are shot down over Cuba in February, resulting in stiffer economic sanctions by the U.S. against the island nation.
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The U.S. decertifies Colombia as a partner in its drug war in March, after allegations surface that President Ernesto Samper had accepted campaign contributions from the Cali drug cartel.
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Leonel Fernandez Reyna is elected president of the Dominican Republic in June.
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Congress - controlled by the ruling party - approves in August an interpretation of the 1993 constitution that would allow Peruvian President Alberto Fujimori to run for a third term, discounting his first term because it had been served under the old constitution
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MERCOSUR votes to admit Bolivia and Chile as associate members in December.
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The government of Guatemala and the Unidad Revolucionaria Nacional Guatemalteca (URNG) sign peace accords in December ending the 36-year internal conflict. Unfortunately, to date their impact has fallen far shorter than anticipated.
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