Word: loaned
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Dates: during 1950-1959
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Last week the U.S. Export-Import Bank came to the rescue of Brazil's economy with a $300 million loan to help pay off dollar debts to U.S. traders, totaling more than $360 million. The loan, hotly debated in the U.S. National Advisory Council (composed of the Secretaries of State, Treasury and Commerce, the heads of the Federal Reserve and Export-Import Banks, and the Director of Mutual Security), would do much to assure the success of the Latin republic's new "free" exchange rate, which permits foreign firms to remit earned profits without limit. The loan...
...World Bank (a loan pool of 54 nations, started at Bretton Woods, N.H. in 1944) said that the money would go into 27 construction and development programs in electric power, coal mining, extraction and processing of nonferrous metals, iron and steel, some manufacturing industries, forestry and transportation. Most projects are to be completed by 1956, and are expected to boost Yugoslav industrial output by at least 30%. Examples: production capacity for iron ore should go up by 900,000 tons, pig iron by 260,000 tons, steel ingots by 275,000 tons, finished steel products by 195,000 tons. Most...
...loan is the third granted to Tito by the World Bank (the first, $2,700,000 in U.S. dollars in 1949; the second, $28 million in European currencies in 1950) since he broke with Moscow and won the wary support of the West. Tito's regime has also received $297 million in loans and grants plus unrevealed millions in military aid from the U.S. in the past three years...
...will be diverted into canals to irrigate 80,000 acres of their land. Yet many black farmers cannot understand the need for the project. Used to primitive subsistence-level farming, they fear any experiment as a possible short cut to starvation; accustomed to being victimized by landowners and loan sharks, they deeply distrust any help offered with seemingly altruistic motives. Their attitude has always been: "If a farm agent knows some better way of farming, why isn't he busy making money at it instead of telling us about...
...company on its feet, Krim got a $3,750,000 loan from Walter E. Heller & Co., a Chicago factoring house, and 4,000 shares of U.A. stock, which he used to lure a crack management team from other studios. He also began buying up all the movies available (e.g., Eagle Lion's library of 200 films, including The Red Shoes), and guaranteed exhibitors 36 pictures a year...