1. Construction companies were battered, as the government is expected to slash spending on roads and ports as a condition for a bailout loan from the International Monetary Fund. 2. South Korean stocks were mixed, reversing an early drop, as banks rose after the government announced bailout loans to Korea First Bank and merchant banks. 3. That is certainly a condition of the huge IMF bailout loans now going to South Korea, Indonesia and Thailand. 4. The government called in the International Monetary Fund Friday to arrange bailout loans. 5. The International Monetary Fund and the World Bank have delayed critically-needed bailout loans to Indonesia until the issue is resolved. 6. To get bailout loans, countries usually must swallow economic austerity policies. 7. Why not branch out into Asia and sow some seeds of goodness with a bailout loan, Oprah? 8. But while Argentina has won breathing space on international markets thanks to the bailout loans, the pressure showed no sign of easing in the streets Tuesday. 9. Finance Minister Mikhail Zadornov and Central Bank chief Viktor Gerashchenko are trying to persuade the International Monetary Fund to resume disbursement of a bailout loan. 10. In granting the bailout loan, the IMF insisted that South Korea slow its economic growth, reduce government spending, and increase taxes and interest rates. |