Chile: the balanced view : a recopilation of articles about the Allende years and after

End of February March 12 March 15 March 18 March 30 March 29 April25 Oue to IMF standby agreement, Paris Club meets in Paris to consi– der debt rescheduling terms. 80 ";, of debt acquired before Oe– cember 1973 is to be rescheduled into 14 semi-annual payments commencing January 1977 and the remaining 20 "~, is due in three installments: 5 ";, in 1974, 5 '\, in 1975 and 10 'O<' in 1976. Final settlement meeting scheduled for end of March, Middle mánagementof IOB determines that the $22 mili ion agricul– tural loan is in condition to be considered by the Loan Committee and Executive Oirectors. IOB Loan Committee approves agricultural proposal and dislribu– tes il lo Executive Oirectors that evening, with a note that time is short and that the Bank slaff believes an emergency situation exisls requiring prompl aclion. The nole also says that otherwise Ihe loan would have lo wail until an April meeling of Ihe Oireclors for consideralion. Informal consideration of the $22 million agricullural loan by IOB Executive Oirectors. Several counlries express Ihe view Ihat loan is being considered too rapidly and Ihal il oughl lo be' delayed somewhat. The United Slales Governmenl does not disapprove of Ihe loan, however, and raises no objeclions lo it on the Board. Agricultural loan is approved by IOB Executive Oireclors at mee– ting in Santiago prior to opening of annual meeting of Bank in that city. IOB Loan Committee recommends approval of Antuco hydroelec– tric project and consideration by Excutive Oirectors is scheduled. IOB Executive Oirectors approve Antuco hydroelectric loan al re– gular Board meeting. 145