Word: repay
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Dates: during 1980-1989
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...taken by the strong dollar has been heavy. Some economists believe it has been responsible for the loss of more than 1 million American jobs. Europeans complain that it could cause their prices to spiral upward. Cash-starved developing nations argue that an overvalued dollar undermines their ability to repay huge foreign debts. When world moneymen gathered in Washington last week for the annual meeting of the International Monetary Fund and the World Bank (see box), some financiers feared that the dollar had become a barrier to recovery around the world...
...collecton of overdue loans throughout the Third World. Although many banks have refinanced old debts (sometimes at exorbitant new rates), new lending has disappeared almost entirely while foreign aid from the U.S. and Europe has dropped sharply. The motives are clear for such backing off; because most nations cannot repay loans written before the inflationary explosion of the mid-70s, bodies like the IMF have lost confidence in older development strategies and retreated to a policy of withdrawal...
...government's case against the University stems from the Department of Health and Human Services' (HHS) 1981 and 1982 audits of the School of Public Health and the Medical School, which say that the institutions must repay $3.9 million in grants...
Officials declined to say how much of the disputed $3.9 million Harvard expects to repay in the eventual settlement, and added that the University may still appeal the final figure reached by the government...
...delegates avoided even hinting that they might repudiate their debts, realizing that any refusal to repay past borrowings would mean the certain cutoff of future loans. In Washington, William Cline, senior fellow at the Institute for International Economics, said, "No major debtor wants to jeopardize its long-run credit reputation further by joining anything that has the appearance of a cartel for debt moratorium or repudiation purposes...