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 started a process of Vietnamization to allow the American Armed Forces to withdraw from Vietnam. One of the tenets of Vietnamization was responsible government in South Vietnam. To prevent the Americans from installing their own government, a conference was held on June 6–8, 1969, off Route 22 in Cambodia's Fishhook region. The Alliance as well as other groups met and formed the Provisional Revolutionary Government on June 8, 1969. According to Justice Minister Trương Như Tảng, the new group's main purpose was to help the Vietcong "acquire a new international stature." There were delegates from the NLF, the Alliance of