61. Western lending institutions underwriting the reforms have demanded the government curb its spending before further loans are granted. 62. When the bank grants a loan, its agreement with the borrowing government sets definite targets for such figures. 63. When the loans were granted, the ruble was artificially on par with the dollar. 64. Worried about adding to their losses, they have been reluctant to grant new loans that could help revive the slumping economy. 65. Foreign banks granting loans to Russian enterprises had been obliged to create large reserves in their national banks because of the convertibility restrictions, he said. 66. Before granting the loan the International Monetary Fund had insisted on concrete moves by Moscow to rein in state spending. 67. Both are accused of pressuring banks to grant loans to Hanbo. 68. The prosecutors investigated allegations that the son had received millions of dollars in kickbacks in return for pressuring banks to grant preferable loans to Hanbo. 69. This is the second time the Eximbank has granted a loan this year. 70. US President Bill Clinton on Tuesdsay urged the international lenders to grant a loan of nine billion dollars to Russia. |