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To: John Hunt who wrote (15443)	4/16/1998 11:42:00 AM
From: Thomas M.	Read Replies (1) \| Respond to of 18056

worth.com ...the bureaucrats at the IMF and the World Bank were once graded by the amount in loans they placed--not by their loan-loss ratio, a technique employed by most successful lending institutions. The first commandment of banking, after all, is to make sure loans are repaid. This, however, wasn't a top priority of the IMF or the World Bank. Tom

To: John Hunt who wrote (15443)	4/17/1998 5:59:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 18056

World economic leaders agree to disagree on Japan biz.yahoo.com << But a day after the Group of Seven top industrial nations told Tokyo not to expect much help in its see-sawing efforts to rescue its economy from recession, Japanese officials appeared irritated by the amount of attention they had received from the G7 as well as from world financial markets. Stung by the criticism of its efforts, Japanese officials said the media had failed to convey the correct explanations of their policies and said the markets had overreacted. ''I'm dissatisfied with the amount of cynicism that has been expressed in the press with regard to the Japanese program,'' a clearly disappointed Eisuke Sakakibara, Japan's vice finance minister for international affairs, told reporters. ''I have grave concern over the recent development on the exchange rate market,'' he added, referring to the yen's steep slide after the G7 failed to promise joint efforts to lift the yen from its lows. Officials from elsewhere have said they share his concerns, but they do not share the Japanese view that concerted action on foreign exchange markets will help. >>