11. Most Latin American funds are heavily exposed to Brazil and Mexico, both of which have stabilized their currencies and renegotiated debt repayments, she said. 12. Ocampo and other cabinet ministers also agreed with the group to stabilize the currency, boost exports and control government spending. 13. Rubin stood his ground, saying that the higher rates were needed to stabilize currencies in Thailand and South Korea, laying the groundwork for eventual recovery. 14. That has stabilized currencies, but it has also choked off credit and brought commercial activity to a near standstill. 15. The country seems to be back on track after stabilizing its currency. 16. The gains extended a rally that began in early March when the government unveiled an economic plan to stabilize the currency, repay its debts and slash spending. 17. The Group of Seven might mandate that the United States raise interest rates to stabilize the currency. 18. The gains also extended a rally that began in early March when the government unveiled an economic plan to stabilize the currency, repay its debts and slash spending. 19. The official added that Japan has no plans to set up any special fund to help stabilize Southeast Asian currencies. 20. The rating, which is five notches below investment grade, came after a new government stabilized the currency, reduced inflation growth, and encouraged foreign investment. |