Word: loans
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Dates: during 1980-1989
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...economic front, the Mexican President took pains to acknowledge Washington's assistance last month in securing for Mexico a $12 billion loan package from the International Monetary Fund. The eleventh-hour breakthrough in the negotiations, helped by Treasury Secretary James Baker and Federal Reserve Chairman Paul Volcker, saved Mexico from defaulting on its nearly $100 billion foreign debt, the largest in Latin America except for Brazil...
...Government has long protected farmers' income by supporting farm prices and by making direct subsidy payments. For many crops, it has established loan rates, like $2.40 for a bushel of wheat in 1986. These rates put a floor under prices. Farmers can then borrow from the Government at the rate set for their crops, offering their unsold harvest as collateral. If the farmers manage to sell their crops on the market at a price higher than the loan rate, they can repay the loan and keep the difference. But if the growers are offered only a price lower than...
...farm act gave the Secretary of Agriculture the authority to slash the basic loan rates to force farm prices down and make American products more attractive overseas. But Congress cushioned the impact of lower prices on farmers by increasing cash subsidies. Moreover, the lawmakers relaxed a $50,000 cap on payments to individual farmers...
...Washington, Bolivia's Ambassador to the U.S., Fernando Illanes, said he hoped the U.S. could provide a quick $100 million loan to compensate for lost cocaine income. A more likely prospect is U.S. release of about $9 million in aid to Bolivia...
Perhaps the most comprehensive of all these creative financial schemes is the three-year-old University of Pennsylvania plan, which covers many other costs besides tuition. Prospective Penn parents can pay tuition for all four years now at the 1986 annual rate ($11,200), take an unsecured tuition loan of up to $42,000 at 9 1/2% with ten years to repay and enter into a revolving tuition- credit arrangement that lets them borrow as they go along, or arrange credit for up to $6,000 in vouchers that the student can sign like checks at, say, the college bookstore...