51. The statement reassured investors that any obligations incurred by the bank would be covered by a government bailout fund known as Fobaproa. 52. To avert such a scramble for resources in the future, the summit leaders plan to endorse creation of a new emergency bailout fund in the IMF. 53. Thorpe said, noting that in South Korea, the European trade bloc extended financial assistance in the form of bailout funds. 54. Without U.S. support, neither the IMF capital increase nor the emergency bailout fund could be activated, IMF officials say. 55. Officials said Saudi Arabia maintains a separate arrangement to provide about two billion dollars in association with the bailout fund. 56. Nellor said the government and the central bank should strengthen their relationship to prevent another disbursement of bailout funds by the central bank. 57. Shattered by internal and external shocks of recent times, the tourism industry is to obtain a bailout fund from the government to case out a financial crisis. |
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