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  Recently investors are being offered a new way to support independent media in developing countries.The Swiss private bank Vontobel and the social investment group Ability started the offering last week.

  They say the new product will provide not just a financial return, but “social added value.”They say it is a chance to invest in press freedom with a moderate(稳当的)level of risk.Vontobel spokeswoman Claudia Kraaz says the new financial product will be listed on the Swiss Exchange starting on May the eighteenth.

  The product ________.One is a bond-like(公债)investment.The other is a loan to a New York non-profit organization, the Media Development Loan Fund.

  The announcement said Bank Vontobel and the Swiss Agency for Development and Cooperation will guarantee that investors can resell it, if necessary, before the end of the five-year term.

  The media Development Loan Fund will use the money for low-cost financing of projects in developing democracies.The group has financed independent media companies in seventeen countries.

  The money is used for such things as broadcasting equipment, computers and printing presses.The Media Development Loan Fund so far has been out about thirty million dollars in loans.Spokesman Peter Whitehead tells us that loan losses are three percent.

  Sasa Vucinic started the Media Development Loan Fund in 1995.He was chief of independent Radio B-92 in Serbia.He calls the new investment product a “truly revolutionary step.”He says it could provide an example for using private finance to support other social projects around the world.The announcement came on May the third-World Press Freedom day.

1.What is the best title of the passage?(Please answer within 10 words.)

_____________________

2.Which sentence in the passage can be replaced by the following one?

They will make sure that investors can sell the product again within five years if it is necessary.

______________________

3.Please fill in the blank in the third paragraph with proper words or phrases to complete the sentence.(Please answer within 10 words.)

______________________

4.Do you think the investors will benefit from the new project?Why?(Please answer within 30 words.)

______________________

5.Translate the underlined sentence in the last paragraph into Chinese.

______________________

答案:
解析:

  1.A new way to support independent media in developing countries.

  2.And cooperation will guarantee that investors can resell it, if necessary, before the end of the five-year term.

  3.combines two things

  4.Yes, I think so because it is tradable and investors can see it whenever they like within five years.

  5.他说这一投资产品将在全世界树立一个利用私人资金来支持社会工程的典范。


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