Word: loaned
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Dates: during 1970-1979
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...that their room to maneuver in Parliament had been drastically reduced. It was hardly a reassuring sign for the government, as it awaited the terms of a deal still being pieced together in London with representatives of the International Monetary Fund. The negotiations involve terms for a $3.9 billion loan that is to help tide over nearly bankrupt Britain until North Sea oil revenues relieve the current balance of payments crisis. Callaghan will probably have to promise further national belt tightening to gain the IMF credits-meaning, in all likelihood, an equally tight check on his government's freedom...
...became a textbook example of how a Third World nation can dig itself into an economic hole. Today the country is all but bankrupt; it has fallen badly behind in repaying its debts. Manhattan's Citibank and other creditor banks have agreed to arrange a new $250 million loan, but first they imposed tough conditions under which Mobutu will in effect be forced to control his country's economy strictly, under the eyes of experts at the International Monetary Fund...
...special "forgiveness" cases the University does not require a student to repay his loan. These are extreme hardship cases, usually involving chronic mental or physical disabilities...
Although thousands of college graduates nationwide are declaring bankruptcy to avoid repayment of federally guaranteed student loans, only eight recent Harvard graduates have defaulted in the past year, a University loan officer said yesterday...
...experiencing the national trend here at Harvard," Stephen W. Homer, director of the University student loan office, said. "We've had only two or three more declared bankruptcies this year than last," he added...