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Gold/Mining/Energy : Gold Price Monitor
GDXJ 119.08-0.8%4:00 PM EST

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To: goldsnow who wrote (3088)11/12/1997 9:06:00 PM
From: lorne  Read Replies (1) of 116822
 
The IMF Bailout: What Could It Cost?

INDONESIA Suharto regime has agreed to shut ESTIMATED COST
down banks, break up $40 BILLION
government monopolies, and
dilute the interest of the ruling
family and its cronies to get IMF package.

THAILAND To get IMF funds, Thai government plans $22 BILLION
to shut, merge, or fix 58 finance
companies. But political chaos is stalling
reforms and hindering the bailout.

PHILIPPINES So far, it's getting a small package $1 BILLION
to stabilize its currency.

SOUTH It could be next in line for IMF help, $40 BILLION
KOREA as a string of chaebol bankruptcies has
triggered a debt crisis in the bank sector,
forced the stock market down, and depressed the won.

ESTIMATED TOTAL: $103 BILLION
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