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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Shawn Donahue who wrote (6447)	9/16/1998 10:54:00 AM
From: Ramsey Su	Respond to of 9980

Shawn, that article is kind of my point. Along the the same line, I wonder whatever happened to the money that IMF gave to Indonesia? Did it go to a Suharto account, stayed with the Habibei regime, or just a paper entry in Indonesia, with the money going directly to the lenders a la moral hazard loans? All these ideas about IMF, World Bank, central credit insurance, coordinated effort by G7 raise two questions. First is where is the money? The last figures I have was about $5-9 billion left in IMF coffers. I guess Greenspan and Rubin are both going to pitch for IMF funding today but approval is less than assured. Second question is what is the likelihood that all these sovereignties with different problems and agendas getting together on anything? At least we will have some answers in about an hour, when Greenspeak begins. Ramsey