Word: borrowings
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Last week Finance Minister Pedro Aspe announced that Mexico had reached a tentative agreement with the International Monetary Fund to borrow $3.6 billion. Mexico plans to use the three-year loan to lower its debt payments by inducing banks to reduce the country's debt or the interest charged. It remains doubtful, however, that the IMF deal, which is part of a new U.S. policy announced last month by Treasury Secretary Nicholas Brady and which could reduce Mexico's debt load by as much as 20%, is enough to jump-start the country's stalled economy. And even...
...borrow a phone from a friend," Phillips said. "It might be worth...
Walsh, who last week sponsored a resolution asking Gov. Michael S. Dukakis to meet with the council to discuss the hospital payments, said yesterday that if the state does not agree to pay, he will seek to borrow money from Harvard to tide over the hospital...
There's no need for the Colorado football team to pose for next year's program photos. Just call up the local police department and ask to borrow their mug shots. Post-college contracts? How about five-to-10 years for that upstart team in San Quentin? Terms non-negotiable, with a trade option in three years--if performance is up to standard...
Corporations without sufficient capital can use LBOs to purchase large corporations without using large amounts of cash. But because those companies must borrow money from other sources, they incur a substantial debt, which they usually pay off by breaking up the company and selling off parts at a large profit...