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Technology Stocks : Dell Technologies Inc.

DELL 122.68

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To: TigerPaw who wrote (71548)	10/12/1998 4:53:00 PM
From: Mohan Marette	Read Replies (3) of 176387

<IMF & the U.S> TP:Looks like we may have a deal soon on IMF. Monday October 12, 4:30 pm Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) US Congressional negotiators back IMF reform plan WASHINGTON, Oct 12 (Reuters) - U.S. lawmakers negotiating with the White House said on Monday they had worked out a tentative accord on lending reforms at the International Monetary Fund, clearing the way for Congress to hand over $18 billion to the cash-strapped agency. The draft agreement, obtained by Reuters, would require the IMF to lend at above market rates to crisis-hit countries, and would call for those loans to be repaid within 1 to 2-1/2 years. The compromise would also require the U.S. Treasury Department to oppose future IMF loan payments to South Korea if Seoul uses the money to support its struggling industries. (Note: this article is ''in progress''; there will likely be an update soon.)

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