It was a caution not taken, as $500 million in new credits of a possible $1 billion were extended a few weeks later.

One form of deficit spending in Russia is done through the central bank, which can create new credit.

And we now have billions of new credits in our secret accounts.

There is £190bn of new credit this year, up from £172bn last year.

Otherwise, they assert, new credit would simply be throwing good money after bad.

It would be Peru's first new credit from the lending agency since 1985.

People who qualified for both the old and new credits could claim only one of them.

So when the new credit is introduced in 2013 it will, as a rule, be paid monthly.

The new credit will ensure that it always pays to work, he says.

Sending the Soviet people $1.5 billion in new credits to buy food would be a decent thing to do.