HONG KONG Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : HONG KONG

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tom who wrote (2457)	10/21/1998 12:32:00 PM
From: Tom	Read Replies (1) of 2951

Congress gives IMF its $18 billion, but imposes harsh conditions. WASHINGTON - Congress concludes the current legislative session by enacting a $17.9 billion capital infusion for the International Monetary Fund that promises to help prop up Brazil. But the conditions for the funding are harsh, punitive and political. The surprising details of the deal include no new loans to South Korea that could help that struggling nation compete with U.S. manufacturers in export markets to cope with and demands by labor groups that countries receiving IMF assistance allow union organizing. Meanwhile the House leadership is warning in an interview that the IMF must comply with these conditions, or "there will be no IMF in the future as far as the United States is concerned." (Reported by The Economist.)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next