Word: repayment
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Dates: during 2000-2009
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...port city of Pusan on Dec. 19 (the day of the presidential elections). There, he allegedly held a secret dinner meeting with Sohn Gil Seung, CEO of the SK oil and telecom conglomerate. The businessman told the SK chief he should contribute nearly a million dollars to help repay Roh's presidential campaign debts, prosecutors allege. In return, Lee Young Roh promised, SK would get help from the new administration if the company "faced any problems," according to the indictment. During a follow-up meeting in the luxurious Plaza Hotel in downtown Seoul less than a week later, Sohn...
Even today, African countries continue to repay interest on loans whose principal has already been paid, and this debt repayment constitutes an average of 15 percent of their budget—often equal to or more than that allocated for health. Rather than coming to terms with how international financial institutions have treated Africa differently from Europe after World War II, Summers once again resorted to blaming Africa for the largest part of the problem...
...Paul Bremer, so a separate fund was created under the supervision of the IMF and World Bank to attract grants. But loans, presumably, would be a different matter. Those who loan money to others expect to be repaid, and therefore they need to know that the entity undertaking to repay the loan will be in a position - legally and financially - to do so. That rules out Bremer's Coalition Provisional Authority, the Iraqi Governing Council and even the World Bank-run fund. All of these are designed as temporary entities, and there would be no legal obligation on a future...
...eyes had been lasers, mine would have been burned out." ZACH WAMP, Republican Congressman of Tennessee, after President Bush asked him to back off a proposal that would have required Iraq to repay $10 billion in aid. Wamp backed...
...believe the government-loan statistics don't tell the whole story. In many cases, claims TDRI economist Somchai, villagers have used their loans to buy consumer goods. "Much of this money has been used for consumption," he says, "not for development." Others charge that many villagers have managed to repay their debt to the Village Fund only by borrowing from ever-present moneylenders who charge high interest rates...