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