Word: low-interest
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...measure would provide $1.5 billion over the next five years for construction of college classrooms at four-year colleges, $500 million of the money will be in outright grants, the rest in low-interest loans...
...while. But Alliance economists are busy figuring out scaled-down programs, even though there is a possibility that the Senate might reverse the House action. A $150 million cutback could mean abandoning plans next year to build 10,000 classrooms and low-cost housing for some 175,000 people; it would cancel low-interest loans to 10,000 farmers for plows, seed and fertilizer to escape subsistence-level farming, wipe out a plan for loans to 6,000 small businessmen to stimulate grass-roots private enterprise, and force withdrawal of U.S. support for 60 mobile medical units which provide treatment...
...worked. At some of the large ejidos on the dry, rocky central plateaus, resettled peasants now have irrigated fields, modern machinery, new roads to market, radios and refrigerators, and tuition-free trade schools. New villages with thriving shops and markets have sprung up near the farms. The government provides low-interest loans for modern equipment and technical training. Mexican land reform, says the government, is in a "constructive phase," and since 1959 more than 26,000 people have hacked out new farms and villages on tracts of virgin land...
...Rate Tours. The Japanese industrial invasion of Latin America is all the more remarkable in that it began in earnest only in 1955. It has since been backed by the Japanese government with low-interest loans and low-rate investment in surance. Japan calculates that this investment will even out its slight imbalance of trade with Latin America; last year it sold $224 million worth of goods to the area, but bought $225 million worth, mostly cotton and other raw materials. The new factories will not only use Japanese parts, but also, as one Japanese businessman explains, "will make Latin...
Since the tax reduction program sets out to subsidize private investment (but, as indicated, with no assurance that economically useful investment will result), the government should consider entering the capital market directly, making long-term, low-interest loans available to bright risk-takers whose enthusiasm has failed to impress the men at Morgan or Chase, Manhattan. The U.S. Government does precisely this in an effort to encourage development in ex-colonial countries through its contributions to the World Bank and the International Monetary Fund; perhaps such direct credit expansion is necessary here, too, where the managerial mentality is so firmly...