The Prime Minister of Peru, Mr.
GV Police cordon around demonstrators with banners
GV demonstrators chanting and pushing past cordon and marching through streets (2 Shot)
GV Prime Minister Manuel Ulloa entering parliamentary chamber
SV M.P.'s waiting for Prime Ministers's speech
SV Prime Minister speaking (2 shots)
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Background: The Prime Minister of Peru, Mr. Manuel Ulloa Elias, has announced an across-the-board wage rise of fifteen per cent for both public and private sector workers. The new measures, taken in the face of steep inflation and the threat of a general strike, were just part of an economic package and the Prime Minister put before Congress on Wednesday (27 August), in a move to try and put Peru's economy back on its feet as well as appease striking workers.
SYNOPSIS: Discontent among the workers of Peru is widespread. The country is burdened with staggering unemployment, a seventy per cent inflation rate and wide disparities in the distribution of wealth. Demonstrators waiting for Prime Minister Ulloa to arrive at Congress to make his maiden speech were anxious to convey their dissatisfaction.
The return of President Fernando Belaunde Terry to power on July the 28th marked the end of twelve years of military rule, and the workers are hoping it will also mark a NEW STAGE IN THEIR ECONOMIC situation.
Prime Minister Ulloa arrived at the Congressional building on Wednesday (27 August) to make his first speech since taking office. He told deputies that the new government planned to promote foreign investment in its mining and oil industries to help the country out of its financial difficulties. He said mining development was twelve years behind schedule and oil shipments which earned Peru one Billion dollars in 1979 could cease by taken to prospect and develop new deposits. But, Mr. Ulloa warned, Peru is at the mercy of the good will of its creditors. He said the government hoped to renegotiate its foreign debt by extending repayments over the long term, but if this could not de done hampered severely.