The role of the IMF in this system was to help member states suffering from short-term balance-of-payments problems, while its partner organisation, the World Bank, made long-term loans for reconstruction and development.
I happen to be reviewing the rates because it occurred to me that if a lot of these are offering incentives, very low, long-term, low-rate loans, then that obviously is indicative that they're under a lot of pressure.
For, if wages and prices are expected to rise again later on, the favourable reaction will be much less pronounced in the case of long-term loans than in that of short-term loans.
So what do we think about this kind of arrangement, where a museum returns a portion of its contested collection, and works out a long-term loan for the rest?
We had a formal ceremony where representatives of the Nigerian government and I signed the transfer document that gave ownership back, and then ultimately a document that would agree to the long-term loans.