41. Smarting from its humiliating request for a bailout fund from the International Monetary Fund, South Korea vowed Sunday to use it to drastically restructure its inefficient economy. 42. Some analysts in Taipei suspect that the government expects an ADB bailout fund to be rejected, but is still hoping to win credit for floating the idea. 43. Such credits account for about one-third of the total bank bailout fund. 44. The bailout funds helped those banks afloat. 45. The first of two working IMF delegations was to arrive in Seoul later Sunday to discuss terms of the bailout fund. 46. The IMF cut off a line of billions of dollars in bailout funds last December as the country plunged into its financial crisis. 47. The IMF cut off bailout funds to Argentina last December after the country widely missed its targets for deficit reduction. 48. The IMF leader went on to say that a regional surveillance system would complement existing measures such as the IMF bailout fund. 49. The IMF suspended payment of the bailout fund to Indonesia, saying that the government was dragging its feet over reforms. 50. The lesson is that troubled Asian countries should not expect that bailout funds on their behalf are limitless. |
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