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IMF led rescue tests Asia as markets rally
IMF officials led by First Deputy Managing Director Stanley Fischer held talks in Indonesia on a $40 billion bailout plan amid reforms. Summers arrived in Jakarta as Korea and Thailand also face IMF measures with regional stock markets showing gains while others fell. Camdessus praised Korea reforms, and markets across Tokyo Singapore and Sydney moved on investor sentiment.
MENTIONED IN THIS ARTICLE
Thailand
Indonesia
South Korea
Stanley Fischer
IMF
Fischer
Suharto
William Cohen
Jakarta Stock Exchange
Seoul
Korea Stock Exchange
Asia
Tokyo
Nikkei
Taiwan
Australia
Singapore
Malaysia