Word: ecuadorans
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...complicated deal that confused nearly everybody, Harvard agreed this summer to trade "debt for scholarship" with the Ecuadoran government. Harvard will apparently purchase Latin American country's $5 million national debt and convert it into a $2.5 million scholarship fund for Ecuadoran students studying at Harvard. Somehow, the University ends up reaping a $1.7 million dollar windfall from the deal, thus advancing its efforts to "internationalize" in the process...
...complicated deal that confused nearly everybody, Harvard agreed this summer to trade "debt for scholarship" with the Ecuadoran government. Harvard will apparently purchase Latin American country's $5 million national debt and convert it into a $2.5 million scholarship fund for Ecuadoran students studying at Harvard. Somehow, the University ends up reaping a $1.7 million dollar windfall from the deal, thus advancing its efforts to "internationalize" in the process...
...could have been accomplished with less muscle and money. In 1988, he claims, he and some fellow Noriega opponents worked through the Israeli embassy in Washington to contact two former commandos of the Israeli Defense Forces. They concocted a plan that involved a 200-man special unit of the Ecuadoran army and would have cost approximately $3 million. The Rambo scheme was killed when the C.I.A. tipped off the Senate Intelligence Committee...
...accept our responsibility having accepted the loans, but if we wanted to pay the debt now, [it would mean] that every Ecuadoran...will have to work two years of minimum wage to clear it," Parodi told approximately 100 people gathered in Starr Auditorium...
Parodi, who spoke through a translator, said that while the Ecuadoran government wishes to repay all its loans, it cannot act "ignoring all other conditions, because paying back all debts involves hurting those in the country who are the most impoverished...