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?
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.
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.
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.