Word: imported
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...plan is to form a huge credit pool called Foreign Finance Co. to minimize the risk to any one company. Under the plan, exporters would only collect a 20-25% down payment from foreign buyers; the remaining 75-80% would be financed jointly by the company itself, the Export-Import Bank and the new Foreign Finance...
...implacable foe of any foreign-capital oil investment in his homeland. His enemies say that Mattei, more than anyone else, is responsible for scaring away the very type of enlightened foreign capital that Italy must have to complete its economic recovery. Italy, which has always had to import most of its coal and oil at high cost, has promising oil and gas formations, notably in the Po Valley. The big question is: Who will be allowed to develop the oil and who can do it best...
...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...
...Export-Import Bank announced a new policy of extending general credit lines up to $10 million each to exporters of capital equipment. The foreign customer must pay 20% down; the U.S. exporter must finance 20%, and the Export-Import Bank will lend the rest. The two first credit lines under this policy: $4,000,000 to The Oliver Corp. (farm implements); $6,000,000 to Combustion Engineering, Inc. (steam boilers...
...leading trading nation like the U.S. has special responsibilities to cooperate in the general effort." With the backing of Australia, The Netherlands, Sweden, Italy and Canada, GATT passed a Danish resolution affirming the right of other nations to take retaliatory action against the U.S. so long as American import restrictions remain in effect...