Word: low-interest
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...which is devoted to such social objectives as low-cost housing, improved education, land reform-is not enough. Schmidt, Brazil's gruff businessman-poet, is the man who devised Brazil's Operation Pan American, a much more grandiose idea. Said he: "We cannot eliminate the old enemies of this hemisphere with temporary tactics." Was $500 million all the U.S. planned to spend for social reform? Did the Eisenhower plan mean that the U.S. was abandoning basic, long-range attempts to raise productivity? Would the U.S. provide longterm, low-interest capital loans repayable in the area's soft...
...House and Senate authorized the U.S. to be a co-founder (with 16 other free world nations) of the International Development Association, which will make longterm, low-interest loans to underdeveloped countries. Approved was a U.S. contribution of $320 million toward IDA's eventual $1 billion loan fund...
...part of Khrushchev's trip was to make clear that the Soviet Union is not abdicating its influence in Asia to Peking. The Soviet leader attended a New Delhi ceremony at which his government extended $378 million credits to the Indians, and later he gave $250 million in low-interest loans to Indonesia. In Djakarta, Foreign Minister Andrei Gromyko did not insist that the final communiqué include the usual plea for Red China's admission to the U.N., the Indonesians having called the suggestion "inopportune"* ; Peking has been giving them a bad time over their law curbing...
...sights around Moscow. For the 250,000 officers due to go, the adjustment is going to be tough; in theoretically classless Russia, the officer caste enjoys high status and perquisites. To induce veterans to settle in the labor-short central Asian "virgin lands," the state is offering free land, low-interest loans, and a bonus of 600 rubles ($60). Last week the first ex-servicemen arrived in the harsh pioneer land of Kazakhstan, where the Communist leader was fired recently after a quarter of the wheat crop went unharvested for lack of workers...
Opened to Trade. Unperturbed by these dissents, Castro plunged ahead. Four hours before Mikoyans departure, he and Mikoyan signed a detailed trade treaty. Russia promised Cuba a twelve-year, $100 million, low-interest (2.5%) credit for "equipment, machinery and materials," contracted to buy 1,000,000 tons of Cuban sugar yearly for the next five years at world market prices...