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The IMF Bailout: What Could It Cost?

INDONESIA           Suharto regime has agreed to shut          ESTIMATED COST
                    down banks, break up                        $40 BILLION
                    government monopolies, and
                    dilute the interest of the ruling
                    family and its cronies to get IMF package.

THAILAND            To get IMF funds, Thai government plans     $22 BILLION
                    to shut, merge, or fix 58 finance
                    companies. But political chaos is stalling
                    reforms and hindering the bailout.

PHILIPPINES         So far, it's getting a small package         $1 BILLION
                    to stabilize its currency.

SOUTH               It could be next in line for IMF help,      $40 BILLION
KOREA               as a string of chaebol bankruptcies has
                    triggered a debt crisis in the bank sector,
                    forced the stock market down, and depressed the won.

                                              ESTIMATED TOTAL: $103 BILLION





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Updated Nov. 6, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.
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