Word: loaned
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Dates: during 1980-1989
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...refusing an IMF loan: A lot of suggestions that were advanced by the IMF may tally with the way we think. As to international credit, we do need it, but I believe strongly that given our budget, our creditors and the international community should be able to see that we are making a concerted effort to repay our debt...
...first time in more than 20 years, the Teamsters have cashed in every chip. On Jan. 29 the fund received a final $37.25 million loan repayment on Las Vegas' Aladdin Hotel. "We are now certifiably out of casino investments," said Central States Executive Director George W. Lehr. Placed under tight federal oversight in 1982, the fund now invests through the firm of Morgan Stanley Group Inc., which has redirected assets mostly into stocks and bonds. Last year its portfolio climbed in value from $5.2 billion to $6.4 billion--a smart showing even by the bullish Wall Street standards...
EDUCATION. Grants and loan guarantees for college students would be lopped $1.3 billion. Only 4.3 million students would get any federal aid, down from 5.6 million...
Astonishingly, one of Babangida's first moves was to invite public debate on how to deal with Nigeria's $24 billion foreign debt. In a series of unprecedented public meetings, as well as in newspaper editorials, Nigerians resoundingly opposed the government's application for a new $2.5 billion loan from the International Monetary Fund. Although the money was badly needed to keep pace with the debt, Babangida suspended negotiations with the IMF. Instead, he shrewdly used his mandate to impose many of the draconian austerity measures that the IMF had suggested. Among them: doubling the price of gasoline and tripling...
Armacost has taken steps to bolster BankAmerica. Easing a capital shortage, he last year sold the headquarters building for $660 million and the bank's consumer-loan subsidiary for $405 million...