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| Ethiopia Seeks Developmental Loan | |
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| Tweet Topic Started: Jun 12 2008, 12:25 AM (158 Views) | |
| Ethiopia | Jun 12 2008, 12:25 AM Post #1 |
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Ethiopia is seeking to accrue $300,000,000 for developmental purposes. The money is to be used to supplement economic development projects. The government anticipates utilizing the money to finance agriculture and transporation projects for fiscal year 1951. |
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| West Germany | Jun 12 2008, 06:32 AM Post #2 |
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Einigkeit und Recht und Freiheit
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The German government can give you 300.000.000,- $ developement help loan. The yearly interest rates are 3%. How long shall the loan run? Adenauer |
| [IMG]http://img155.imageshack.us/img155/1404/3dflagsdeu00010001aux4.gif[/IMG][URL=http://z15.invisionfree.com/World1945/index.php?showtopic=87&st=0#entry236221]West German Embassy[/URL][IMG]http://img155.imageshack.us/img155/1404/3dflagsdeu00010001aux4.gif[/IMG] | |
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| Ethiopia | Jun 13 2008, 09:27 PM Post #3 |
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The loan would accumulate interest until it is paid off. Are there any other takers? Bidding will close on this September 1st. |
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| Great Britain | Jun 16 2008, 11:03 AM Post #4 |
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Land of Hope and Glory
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Britain can arrange for the loan at 2.5%. |
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| Netherlands | Jun 16 2008, 03:52 PM Post #5 |
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"I shall stand fast"
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Netherlands can arrange a loan at 2%. and op to 400.000.000,- $ in a developement help loan. How long shall the loan run? |
| [URL=http://z15.invisionfree.com/World1945/index.php?showtopic=329]Embassy[/URL] | |
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| Ethiopia | Jun 16 2008, 04:01 PM Post #6 |
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The loan will accumulate interest until Ethiopia reaches a point to where it can start paying down debt. Ethiopia is happy that the Netherlands would bump the loan to $400,000,000, but we really don't believe it will be necessary. Ethiopia is in the business of doing business first and foremost. We encourage positive investment in the country long before we accept loans. Positive business investment is much more healthy to the economy than accepting outright loans. |
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| Netherlands | Jun 16 2008, 05:09 PM Post #7 |
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"I shall stand fast"
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We are offering this to improve the foreign relations outside Europe and to the great a better partnership with Ethiopia And for Peace in Africa. And if Ethiopia is interested, then the Netherlands can arrange a higher loan to a better interest. |
| [URL=http://z15.invisionfree.com/World1945/index.php?showtopic=329]Embassy[/URL] | |
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| Ethiopia | Jun 20 2008, 12:07 AM Post #8 |
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Delays have been made in approving the loan. The government is offering one last chance for someone to outbid the Netherlands offer. |
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| Great Britain | Jun 20 2008, 08:11 AM Post #9 |
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Land of Hope and Glory
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Britain can comfortably supply necessary funds for the needs of Ethiopia on a basis without interest, given our extensive mutual interests. We also possess the capability to supply said funds immediately and without difficulty. |
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| Ethiopia | Jun 21 2008, 08:06 PM Post #10 |
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Ethiopia will be forever gracious to the United Kingdom and its kind generosity. With any luck, the economic development that comes from this money will help Ethiopia continue to accelerate into the future. |
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| Great Britain | Jun 24 2008, 09:50 AM Post #11 |
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Land of Hope and Glory
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We welcome our ongoing relationship of mutual benefit with Ethiopia. |
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8:28 AM Jul 11