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No More Loans for Panama: The government...

No More Loans for Panama: The government of Gen. Manuel Antonio Noriega in Panama was declared ineligible for new loans from the International Monetary Fund because it has fallen behind on repayments of $163 million borrowed earlier. Panama’s total debt exceeds $5 billion. The fund’s External Relations Department announced that the ban on Panama was imposed by the 22 members of the executive board, who meet behind closed doors. They usually act by consensus.


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