text: small and medium slze farmers. 15. The application underwent the full IDB technical and economic reviewprocedures, the various points ralsed being cleared up in tbe normal way, Finally,lhe programfire was approved by the Loans Committee, the body below the Board of Executive Directors, and was considered a model application of its kind. 16. A few days before the loan document eas to be forMllydirectors, the Secretary of State of the United States tookirriting the letter mentioned earlier pressing the president submit the application to the Board of Executive Directors.dlstributed to the the unusual step ofof the IDB not to L7. The IDB administration is stil.l under pressure froo officials of the Government of the united states and Nicaragua,s applicati,on ls still frozen, the United States political pressure having been successful so far. 18. Once again the Uniled States has ignored established internatlonal rules and has dealt with the case of the loan to Nicaragua in a nanner totally inconsistentwith the provisions of the IDB charter and other pertlnent documents governing economic relations between Sta tes. 19. In July 1984, two projects eere submltted to the IBRD, one concerned lrithagricultural credit and the other rdl th support for food produclion and exportstotalling $140 mill.ion. and are st.i11 pending, 20. The projects blocked in the IBRD and IDB are the very projects tshe World Bank had identified as essential to the stabLe developnent of tbe Nicaraguan economy,especially its agricultural production and soci.al, infrastructure.A/40/596 Engl i sh Page 56 21. As a result of the financial institutions' 1984.Unlted Statesr blocklng of Nicaragua failed to recetvethese loans in the international the sum of $87'5 million in Pressure on lhird c€untr ies 22. The Governnent of the Unlted Stateg has undertaken an international canpaign to influence or exert pressure on countrles providtng co-oPeration or maintaining
analysis: The text appears to be discussing the economic development of Nicaragua, specifically the country's agricultural sector, and the international pressure exerted by the United States government on the Inter-American Development Bank (IDB) to block a loan to Nicaragua. The text also mentions the World Bank and the International Bank for Reconstruction and Development (IBRD), which suggests a focus on economic development and international finance.