Word: loans
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Dates: during 1950-1959
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...import chocolate for home consumption, despite the fact that she was once the world's leading producer of cacao. Though she has at Medellin one of the world's most efficient textile mills, Colombia does not raise enough cotton for her own needs. Despite a 95 million dollar loan from the World Bank for highway and railroad construction, she still lacks efficient transportation...
...Mexico loan, $23,260,000, was the last installment of a $150 million credit earmarked for Mexico by the Export-Import Bank in 1950 to cover a variety of projects. One of the Mexican railroad systems' biggest problems is a lack of engines to haul its rolling stock, so about half the money will be used to buy diesel locomotives, both road and switcher types. Most of the remaining cash will be spent on rails, switches, communication equipment and electrical supplies...
...Uruguay a large part of the $25.5 million World Bank loan was made in West German marks, and the rest in Swedish kronor, Swiss francs, and other currencies to allow the country's nationalized electric-power system to buy equipment from European bidders. The specific Uruguayan project: a hydroelectric power plant at Rincón de Biagorria on the Rio Negro complete with transmission and distribution facilities. The new plant will increase Uruguay's power production...
...Tigers, decided to start an airline in the Far East in 1946, most professionals gave him about as much chance of survival as a turkey in a typhoon. He had only a few war-weary transports, a handful of his old U.S. fighter pilots and a $1,000,000 loan (at 10% interest) from the United Nations Relief and Rehabilitation Administration, which wanted to fly food and medicine into China. But last week, as Chennault's Civil Air Transport got ready to celebrate its tenth anniversary, few airmen would recognize the old line. Chennault's bedraggled...
...limited to research reactors (estimated cost: $1,000,000 to $3,000,000). Ex-Im will lend larger amounts for either research reactors or power reactors. Several non-Communist nations and U.S. manufacturers already are discussing terms with the bank, which expects to make its first loan by Christmas...