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Gold/Mining/Energy : American International Petroleum Corp

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To: DRRISK who wrote (9351)12/15/1998 9:39:00 PM
From: DEER HUNTER  Read Replies (2) of 11888
 
I guess this will help out......

Tuesday December 15, 1:29 pm Eastern Time

Kazakhstan taps IMF loan, wins $217 mln payment

WASHINGTON, Dec 15 (Reuters) - The International Monetary Fund approved a $217 million payment from its three-year loan to Kazakhstan, an IMF spokeswoman said on Tuesday.

It is the first time that Kazakhstan has drawn on the loan, which was approved in July 1996 and which had so far been viewed as precautionary. IMF officials in Kazakhstan said earlier on Tuesday that the government would use the money to bolster gold and foreign currency reserves.
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