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Hiccup? Or Global Meltdown?
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The IMF to the rescue
The International Monetary Fund, concerned about Asia's ability to recover, pledged aid to the region:
CREDIT FOR AILING ECONOMIES IN ASIA
Philippines: Extended a three-year credit of $652 million set to come due; additional credit of $435 million in July
Thailand: In August approved a standby credit of $3.9 billion over a 34-month period
Indonesia: Standby credit of $10 billion over a three-year period approved in November
Discuss