Word: concent
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Dates: during 1950-1959
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...such, it is a new concent in international lending which differs from both the World Bank and the U.S. Export-Import Bank. The World Bank can make loans only for projects guaranteed by the government of the country involved, a rule which invites government meddling, discouraging many investors. The Export-Import Bank's chief purpose is to promote the purchase of U.S. products...