Word: repaying
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Dates: during 2000-2009
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...Debt Forgiveness It has long been widely accepted, even by the developed countries holding the IOUs, that some form of debt forgiveness was needed for highly indebted poor countries. Debt overhang was stifling their growth; and without growth, they would not in any case be able to repay what they owed. In 1996, the IMF and World Bank, together with the G-7, initiated a program of debt forgiveness, but in order to have their debts forgiven, countries had to meet a series of hurdles...
However, the “sacrifice” of the British Empire was not as altruistic as Ferguson makes it appear. Still, the free world can never repay the awesome sacrifice England made in the Second World...
...fund the purchases. Such alliances sometimes involve dangerous trade-offs: last year Qingrong was obligated to guarantee a $200,000 loan made to one of her benefactors, accepting that she would be on the hook if it defaulted. "I was terrified," she says. "If we'd had to repay, we would have had to stop production...
...Parked in front of the pawnshop one day last month was a new Volkswagen. The owner of a construction company had hocked it 10 minutes before in exchange for a quick $10,000 to meet expenses. He would be well advised to repay it fast because Jianjun charges interest rates of up to 5.7% a month. It's all legal and above board. Although regulators and law enforcement officials in the past have cracked down on underground lenders (loan sharks tend to use gangsters to collect unpaid debts), the government currently allows pawnshops to operate because without them, small-business...
...found liable for breach of contract, the government argued in December, Harvard would have to repay the $34.8 million the government paid out from 1994, the date of Shleifer’s first investment, to 1997, when the project ended...