Word: loans
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Dates: during 1950-1959
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...German equipment purchased with Soviet credits, have left hundreds of East German cars and other machines sitting forlornly idle in a huge vacant lot in the center of Belgrade. The only solid benefit Yugoslavia has got out of Russian aid, declared one disillusioned Yugoslav economist last week, was a loan: $30 million in gold and hard currencies...
INDONESIA. Strong opposition from anti-Communist leaders has so far prevented Indonesia's Parliament from formally accepting the $100 million loan offered by the U.S.S.R. in 1956. But Indonesia has accepted 4,500 Russian jeeps (purchased with a $6,000,000 credit), and near Djokjakarta 40 East German technicians, backed up by a $13 million East German credit, are rebuilding a war-damaged sugar mill. Neither deal has proved very popular. Style-conscious Indonesians find the rough-finish GAZ jeeps unimpressive, and the sugar-mill project is already two years behind schedule. "What those so-called technicians are doing...
...oilfield job for the farm full time. "If you want to start over, we'll start over," said his wife Manon. "If your heart's set on farming, you go right ahead." Every month he sent his Texas banker a $22 installment to pay off his Chevy loan. The cotton-gin owners liked him and staked him, and Roberts surged ahead. Today Cotton Rancher Roberts, with 7,000 acres, half owned, half leased, lives with his wife and two daughters in a $100,000 ranch home near McFarland, has a spread of comforts as wide as his cotton...
...democratic progress. The Communist Huks are almost extinct. Though the economy could be strong and prosperous, the Philippines are now in the throes of a crisis. Dollar reserves are down 30% since January, and President Garcia has called on Filipinos to "retrench," asked the U.S. for a $100 million loan. Fortnight ago he sharply restricted imports and dollar credits, announced a new austerity program designed to stop the drain on foreign exchange and boost local production...
...finance the $345 million city he authorized Novacap to speculate in Brasilia's residential land. He begged U.S. Ambassador Ellis Briggs for a Brasilia loan as a "personal favor," got $10 million from the Export-Import Bank...