Loan News
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Cairo -
The Egyptian government formally requested a $4.8 billion loan from the International Monetary Fund (IMF) yesterday. The request was made during a visit by IMF chief, Christine Lagarde.
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Nadya Suleman, the octomom, had her house foreclosed on recently and now she has endorsed an instant payday loan service.
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Berlin -
The German capital city of Berlin still owes a small German town repayment from a loan dating back to 1562. The debt combined with interest amounts to a total of $136.79 million.
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Addis Ababa -
The South Korean government has approved an $80 million loan for Ethiopia that would finance the Ethiopia-Sudan electric power transmission line construction and expansion project. The deal is expected to be signed this week.
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Foreign Minister, Guido Westerwelle announced yesterday that Germany would be loaning the Libyan rebels 144 million Euros ($206 million) in aid for “ civil and humanitarian measures.”
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Harare -
The government of China has loaned the Zimbabwe government nearly $700 million Monday. The money would go towards the agriculture and health sector. But Chinese Vice Premier Wang Qishan is urging Zimbabwe to respect Chinese businesses.
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Tottenham manager Harry Redknapp will attempt to bring former England captain David Beckham to the club for a three-month loan spell. The major league soccer season starts in the US on March 15 and Beckham himself is keen to continue playing.
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Berlin -
The German Parliament approved today the bailout funding of up to €22.4 billion ($28.3 billion) in emergency loans to Greece.
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Photographer Annie Leibovitz, who was to be sued by Art Capital Group and an Italian photographer, has had a slight reprieve. She has been given an extension to the time she has to pay the loan back.
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Is China's over four trillion yuan's (US$586 billion) stimulus plan going to boost its domestic economy, or cause massive wastes? Maybe the latter, warned Zhou Xiaochua, chief of China's central bank.
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German Parliament on vote
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