Word: loan
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...where prime acreage is controlled by a city councilman named Robert Raizk. Downtown's economy has been so precarious that local bankers wouldn't risk the money to turn a warehouse into Main Street's first upscale restaurant; a businessman in town had to come through with a private loan. New shops and a bookstore with its own cappuccino bar have moved in, but the bar and grill in Main Street's only hotel recently went belly-up, and the U.S. Postal Service, despite local opposition, is abandoning its grand downtown building for a big, automated facility on the strip...
...seems purposefully oblique, out of a professed fear of rattling the financial markets. But lately the agency has tried to become more transparent in its actions. In the recent Thai bailout, under IMF pressure the Thai's took the unusual step of releasing a detailed, multipage summary of the loan agreement...
...hope of softening the impact on the poor, the IMF is now including social-policy directives as part of its loan package. This summer the fund signed an agreement with Argentina in which Buenos Aires agreed to give priority in budgeting to primary schools and health care and to strengthen the independence of the judiciary. The agency's deal with Thailand includes provisions to help the jobless...
...tends to countries that are so deep in crisis that the only options are ones that hurt. By the time a country asks for IMF aid, foreign investors have long since fled, international banks have shut their lending windows, and the world's private capital markets are offering the loan-shark interest rates that go to high-risk borrowers...
Take Sergio Jaramillo, the owner of the Liberty Loan Co., one of the larger combination jewelry store/pawn shops in the city, which is a half hour from Cambridge...