The Latvian Parliament on June 16 cleared the way for the money to be disbursed, backing budget cuts of almost $1 billion, at the cost of harsh reductions in government services, pension payments and public sector salaries.
Moreover, it also came down to whether local boards could trust the state and federal bureaucracies to release them from the MOU if districts opted out at a later date or if they didn't meet all of the benchmarks mandated and if released, whether they would have to pay back any disbursed grant funds.
Most foreign money disbursed in China ends up right back with the central government, by law.
And even if the cash is disbursed, Ukraine now has no chance of luring back foreign investors, and little of preserving the central bank's hard-currency reserves, which plunged from $1.7 billion to $800m last month.
But as concerns mounted over Greek leftists' statements that the country should renege on its debts, they said the final €1bn of the payment would be held back, as it was "not needed before June and will be disbursed depending on the financing needs of Greece".
Once the amount requested is raised, the money is disbursed to the entrepreneur via a local microfinance institution, and as repayments are made, the investors are paid back their principal (they don't get paid any interest, however).
And finally, we went back to the heart of the show, digging into recent data showing that venture capitalists haven't disbursed more money this cycle.
The $250,000 was disbursed as "loans" to Keating's son and his son-in-law, and the money was transfered [sic] back to Keating on the same day.
resources only after a long wrangle — and only after scaling back the original request from $600 billion, as well as insisting on strict conditionality before the money is ever disbursed.
At one point during Sunday night's meeting Mr. Reynders suggested splitting the €12 billion portion of aid: half to be disbursed from a pot of €110 billion of loans agreed a little more than a year ago and the other €6 billion held back until an austerity program is approved by the Greek Parliament.
