10-Year Dream Turns a Profit.

The article discusses an update on the International Basic Economy Corp. (IBEC). Founded in 1947 by Nelson Rockefeller, IBEC was established to provide social and economic improvement to Latin American countries with the long-term goal of achieving profit. The report notes that IBEC is planning to increase its initial capitalization of 16.5-million dollars for expansion to other countries like Italy, West Germany, and Iraq. IBEC has completed various projects in Latin America including low-cost housing, agriculture, and supermarket operations.