Word: repay
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...Latin American debt developments. In another key action, the U.S. agreed to extend a $300 million loan commitment to Argentina until mid-June. The credit will go into effect once Argentina reaches agreement on an economic austerity program with the IMF. Argentina will use the U.S. cash to repay loans from four other Latin countries that enabled it to meet March 30 interest payments to its banks...
...first piece of bad news was out in October. Harvard agreed to repay $4.6 million to the government, settling a year-long dispute over charges that the University had mishandled federal research funds at the Medical School and the School of Public Health. The charge arose out of two major audits conducted at the schools in the mid-1970s...
...equation will become messier if Hart challenges the credentials of what he estimates to be 500 to 600 Mondale delegates elected with the help of contributions from political action committees (PACs). Mondale last week promised to establish a $400,000 escrow account to repay the PACs. It is almost inconceivable that the convention will rule that the delegates should be taken away from Mondale. But Democrats, who want to portray the Reagan Administration as ethically lax, are not eager for a nominee with a small "sleaze factor" of his own. Also disquieting was the revelation last week that Mondale gets...
...interest hikes so far have made it even tougher for troubled borrowers to repay their debts. Reason: the rates they pay generally fluctuate with the prime. Among those hardest hit by the rising interest costs have been Latin American and other developing nations, which owe a staggering $810 billion to Western lenders. To keep the borrowers from defaulting, some moneymen, including Chairman Volcker, have suggested that banks consider placing a cap on the interest on their Third World loans...
...Summer Games grew all the more crucial when last February's Winter Olympics in Sarajevo, for which ABC paid $91 million, proved to be a ratings bust. Viewership for those telecasts, according to some advertising-industry estimates, was 25% below expectation, and the network was forced to repay shortchanged advertisers with free commercial spots later, some of them during the Summer Olympics...