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Fund spokesmen insist that their unpopular conditions are necessary to restore economic health and replenish the IMF's revolving pool of resources. "The fund does not impose any measures," says an official in Washington. "Reality does. Ideally, a country forms its own policy and comes to consensus itself on what needs to be done, and then the fund supports that. Many of the success cases are those in which that has happened." There have indeed been successes over the years. Two notable case histories...

Author: /time Magazine | Title: Third World Lightning Rod | 7/2/1984 | See Source »

Unable to ship their own oil through the besieged gulf, the Iraqis are desperate to find an alternative route that will allow them to replenish their war-drained treasury. It was learned last week that a suggestion had come from an unexpected source: the Israelis. In an interview with the Israeli newspaper Ma'ariv, Prime Yitzhak Shamir revealed that offered to let Iraq pump its oil through long-unused pipeline, built in the 1930s, stretches from Baghdad to the Israeli port of Haifa. Iraq, which does not recognize Israel, rejected the invitation...

Author: /time Magazine | Title: The Gulf: Pushing the Saudis Too Far | 6/18/1984 | See Source »

...spends around $75 million a year supplying the rebels with grenades, RPG-7 rocket launchers and portable surface-to-air missiles, as well as with radio equipment and medicines. Although the guerrillas have their own stock of rifles, which they replenish with weapons captured during ambushes or taken from the Soviet dead, the CIA sends ammunition for AK-47s, together with machine guns and sophisticated snipers' rifles. Shipments of these goods arrive every few days, sometimes in the arms of messengers, but most often on caravans that travel on moonless nights to evade the powerful searchlights of low-flying...

Author: /time Magazine | Title: AFGHANISTAN: Caravans on Moonless Nights | 6/11/1984 | See Source »

...White House as a Vice President and concluded that he was big enough to fill the Oval Office. Like Nixon, he spent years courting his party's regional powerbrokers and filled his pockets with political lOUs. Also reminiscent of Nixon, Mondale found a prosperous law firm to replenish his meager personal finances while he ran virtually full time for the presidential nomination. Mondale draws a $150,000 annual salary from the Chicago-based law firm of Winston & Strawn, working out of its Washington office. He hit the lecture circuit, charging fees of up to $20,000 and earning about...

Author: /time Magazine | Title: Primed for a Test | 2/20/1984 | See Source »

...Haddon Latouche, one of the inspectors: "In the past, we saw crates and shipments, but we couldn't inspect them. There was always a superior authority from the party present." Some $475,000 worth of emergency food and basic supplies were on their way from the U.S. to replenish dwindling stocks. But even without them, Grenadians were in an optimistic mood. Said one shopkeeper: "We have plenty enough. The cows are in the pasture, and the fish...

Author: /time Magazine | Title: Now to Make It Work | 11/14/1983 | See Source »

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