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To: Ian@SI who wrote (6853)	10/6/1998 1:59:00 AM
From: pat mudge	Respond to of 18016

The World Bank said on Monday its management had agreed to set up a new short-term emergency loan facility to rush cash to countries hit by fast-moving financial crises.. . . World Bank officials would not be specific about which countries could benefit from the loans or how much money might be made available, but the new facility could be in place in time to help Latin American economies battered by contagion. I agree, this is specific and perhaps the most encouraging news we've had in some time. Let's hope the market reacts favorably. Night --- Pat