VII. The Contemporary Period, 1945–2000 > D. Latin America, 1945–2000 > 3. Central America, 1945–2000 > a. Panama > 1986
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  The Encyclopedia of World History.  2001.
 
 
1986
 
With unemployment reaching 45 percent and a foreign debt of $3.7 billion, del Valle was forced to accept IMF austerity measures in order to receive aid.  1
 
June–July
 
A broad-based alliance of academics, businesspeople, students, and opposition parties held a series of three general strikes, demanding the resignations of del Valle and Noriega, who held the key to power in Panama as head of the NDF. In response, Noriega arrested several military and civilian leaders and declared a state of emergency. The U.S. closed its embassy and suspended aid to Panama.  2
 
 
 
The Encyclopedia of World History, Sixth edition. Peter N. Stearns, general editor. Copyright © 2001 by Houghton Mifflin Company. Maps by Mary Reilly, copyright © 2001 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.

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