Word: important
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Dates: during 1960-1960
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...Iran faces a balance of payments deficit of $130 million over the next two years. Until recently, the Shah has ignored the unpopular advice of Western economic advisers, who told him the deficit could have been avoided by vigorously curbing domestic inflation, and by clamping down on the import of luxury items that use up the hard currencies desperately needed for economic development...
...will be as little as 3%. The new bank bears little beneath-the-façade resemblance to the other development outfits that the U.S. is caught up in. Public Law 480 sells U.S. surplus agricultural products for local currencies, then lends back the payments for development. The Export-Import Bank makes loans exclusively for the purchase of U.S. equipment and commodities. The International Co operation Administration dispenses grant aid and technical assistance. The International Finance Corporation operates on a small scale as an affiliate of the World Bank and the IMF to invest in private enterprise...
...course, that figure of 250,000 has to be examined before its import can be told. In the first place, it was one of those not-too-reliable sheriff's estimates. ("Well, Sheriff, how many people do you think we've got here?" "Wall, I don't rightly recollect ever seeing so many before, but it must be at least 50,000.") In the press bus during the motorcade's progress, Boston newsmen made guesses ranging from 100,000 to 200,000, but the final figure, arrived at by two police officials, was 250,000. "The important thing is that...
Rear Admiral (ret.) William L. Erdmann was against the practice of paying import duties on whisky; see NATIONAL AFFAIRS...
...against the need, the sum is small. It is less than the amount lost by Latin America this year because of the adverse terms of trade; it is only twice as much as the capital expected to be taken this year from the region for repayment to the Export-Import Bank. Brazil's chief delegate to the Bogota meeting, Augusto Frederico Schmidt, author of Brazil's Operation Pan American, which asks $10 billion in 20 years of aid to the region's economy, says that the U.S. proposal is "very kind, very generous," but it is only...