Word: loaned
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Dates: during 1950-1959
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...city of Ark.; 3 R.R. lines (Mo. Pac., Chi. Rock Is. & Pac., St. Louis S. Western), 26 truck lines, 8 bus lines, 5 airlines 32 fits dly; Accoms: 20 hotels, 34 motels; Swim: Y.M.C.A. 6th St. and Bdwy; Misc: 250 churches, 8 banks, one federal res., 5 savings and loan assoc'ns. Ark. Livestock Show and Rodeo, Oct. (North Little Rock). Caution: jaywalking some sts punishable $5 fine; Avge mean temp: 80 deg. summer, 45 deg. winter...
...Investment. As its answer to question 3, the fund ended fiscal 1957 with a currency-supporting record that topped the entire previous total of business in its ten-year career. To halt a run on sterling in the Suez crisis, the fund gave the United Kingdom a dollar loan of $561.5 million and stand-by credit of $739 million, its biggest single deal to date. The fund gave temporary first aid to the slumping reserves of countries "with rather ambitious development programs" (Argentina, Denmark, France, India, Japan, The Netherlands). It eased seasonal trade deficits in countries with only one major...
Bill of Complaint. Smarting under the criticism, 20 Latin American countries swiftly drew up a four-point petition counter-criticizing World Bank operations. They wanted 1) speedier loan consideration, 2) loan approval by their own governments rather than the bank, 3) loans in their own national currencies as well as foreign money, 4) granting of "general" loans, not just specific ones. A more telling complaint was added by Pakistan's M. A. Mozaffar: "The ratio of World Bank loans granted to the underdeveloped countries of Asia and the Middle East declined from...
...channel the development of these countries, the Administration requested a two-million dollar loan fund, rather than earmarked grants which leave little room for flexibility, discretion, and long term planing...
...Congressional battle of the budget, not one of the points recommended by the Administration was accepted intact. Total aid was cut from 4.3 billion to 3.4 billion. The proposed loan fund of 2 billion over a three year period received only 300 million this year with no guarantee of any future addition. As a result, the ICA's long range development plans were crippled. Congress thus displayed disregard for the advice of the Fairless and Johnston committees which urged the importance of giving the ICA greater leeway in terms of time limits for aid programs, and in regard to giving...