Juan Velasco Alvarado of the Velasco administration's economic policies is still debated today. As the Peruvian military government ran deeper into debt, it was forced to devalue the currency and run inflationary policies. This however, was in part due to the 1970s Energy Crisis, which also affected Peru and made it impossible for the Velasco administration to fund some of its most ambitious reforms. In foreign policy, in contrast with his 1970s Latin American contemporaries, which were mostly right-wing military dictatorships, he pursued a partnership with the Soviet bloc, tightening relations with Cuba and Fidel Castro and undertaking major purchases of Soviet military
Provisional Revolutionary Government of the Republic of South Vietnam National, Democratic and Peace Forces, the People's Revolutionary Party (the South Vietnamese communist party) and "the usual assortment of mass organizations, ethnic groups, and geopolitical regions." Banners displayed prominently at the convention proclaimed that "South Vietnam is independent, democratic, peaceful, and neutral". The PRG reflected a number of nationalist, anti-imperialist and communist political viewpoints, including those of the Vietnam Workers Party (the North Vietnamese communist party). Following the military and political results of the 1968 Tet Offensive and related military offensives in the South, in which the Vietcong suffered serious military losses, the PRG was envisioned as a political counter-force