Nicaragua- Safeguarding the Revolution


at this time". This is another way of saying that the proposal was vetoed or faced the threat of veto. It has been known in its opposition to allocation of SDRs, the USA has been joined by West Germany and Margaret Thatcher's Britain. These countries have persisted in their opposition, despite the recognition that in the international reserve system, as it has evolved in recent years, while borrowed reserves play a prominent part, they "are not now readily available to a number of countries with limited access to financial markets".