1. An earlier scandal over the misappropriation of agency bailout funds for Bank Bali, moreover, left IBRA politically paralyzed. 2. And the United States Congress may not approve the injection of money that the IMF needs to keep its bailout fund flush. 3. At a meeting in Manila that ended Wednesday, the United States persuaded a group of Southeast Asian nations that any bailout fund should be centered on the IMF. 4. After the unions protested and threatened to ask Congress to deny bailout funds to any airline that failed to pay severance, they changed course. 5. But under U.S. pressure they scrapped a Japanese proposal to create a bailout fund only for Asia, opting for a vaguer commitment. 6. Gates could offer billions in bailout funds in exchange for exclusive loading up Microsoft software onto Asian-manufactured computer hardware. 7. He suggested that newly prosperous countries in Asia should contribute to a bailout fund in light of the benefits they receive from stable world trade. 8. His host, Malaysian Prime Minister Mahathir Mohamad said it can become an Asian bailout fund apart from the IMF. 9. In a briefing following the meeting, White House officials shot down the idea of any additional bailout fund being created. 10. Japan will contribute the largest amount to the Thai bailout fund. |
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