Since then, problems with loans on real estate and overseas loans have abated somewhat.

However, this progress was funded by overseas loans, increasing the nation's debts, while overall trade increased and unemployment fell.

Last year, Government bureaucrats suddenly refused to allow his company to buy dollars, forcing it to default on millions of dollars in overseas loans.

Exim does not publish figures for overseas loans.

The majority do not accept local deposits and have no real assets here, limiting themselves to the booking of overseas loans and other paper operations.

Many private companies received both domestic and overseas loans to invest in the Thai telecom business.

These overseas loans where available to colonists who developed close ties to English merchants, and not everyone was able to get such credits.

The overseas loans were usually issued for 6 months to a year.

And Americans would find themselves scratching for overseas loans to finance their way of life - pushing up interest rates to attract enough money.

The bill was described as a response to the slow pace of securing debt relief for the Pacific nation, which has overseas loans of $28 billion.