commodity loan

The new law largely continued the commodity loan programs as they were under previous law.

Egypt would receive $400,000,000 immediately as an emergency commodities loan to purchase food and medicines.

Commodity Loan: Provides funds to import commodities, bilaterally agreed upon, to contribute to the economic stabilization of the partner country.

In March 1991 an unprecedented agreement was signed under which China would provide the Soviet Union with a commodity loan worth some US$730 million.

The visit came in the aftermath of the signing of a Chinese commodity loan agreement with the Soviet Union in March [see p. 38105].

China has extended a commodity loan valued at $730 million to the Soviet Union, to buy Chinese grain, meat, peanuts, tea and other products, an official newspaper said today.

As to the $1 billion in commodity loan guarantees, senior Bush aides armed with the presidential order NSD 26, insisted the credits be approved despite objections by three government agencies.

By participating in ACRE, producers elect to forgo counter-cyclical payments, receive a 20-percent reduction in direct payments and a 30-percent reduction in CCC commodity loan rates.

The President's adviser said to sop up extra rubles and help curb inflation, the Government should take large commodity loans from Western Europe, Japan or South Korea and buy cheap consumer goods.

On March 15 at the end of a five-day visit to China, Soviet Deputy Premier Yury Maslyukov signed a commodity loan agreement with his counterpart Tian Jiyun.

Although there was no indication of cuts in the $10,000,000 in agricultural commodity loans previously allocated, MEED suggested that it was likely that this part of the assistance package would also be reduced.

The US Government offered Hungary a $150 million commodity loan and a part of this was used to purchase 510 pieces of the USATC S160 Class steam locomotives, for $10,000 each.

Under the agreement China would provide the Soviet Union with a commodity loan worth 1,000 million Swiss francs (US$730 million) allowing the country to purchase Chinese grain, meat, tea, tobacco, peanuts, textiles and light industrial products.

In Atlanta, a grand jury has been investigating the running of $3 billion through a U.S. branch of Italy's Lavoro bank, a large chunk of which was ostensibly for commodity loans guaranteed by the ever-trustful U.S. Department of Agriculture.