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A withholding tax on interest on foreign loans was also rolled back after criticism.
Both reneged on their foreign loans and, after devaluing their currencies, were able to recover.
He says independence would remove barriers to foreign assistance, foreign loans and foreign investment.
Only two of the 42 recently arrived foreign loans were refused free entry.
Exploiting East-West détente, he attracted large foreign loans and investments.
The fear was that Iceland's banks could default on their foreign loans.
One third of the annual budget goes on interest payments on foreign loans.
No wonder there is so much demand for foreign loans to finance the resulting trade deficit.
FOREIGN LOANS ABOUT OVER S.W. Straus to Distribute $2,000,000 First Mortgage Coupon Securities Soon.
They will burden India's economy -- more arms, few foreign loans, less investment, much denunciation.
The budget has been balanced, Dr. Hijazi said, without new taxes and foreign loans.
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