Front Page

UK

World

Business

Sci/Tech

Sport

Despatches

World Summary


On Air

Cantonese

Talking Point

Feedback

Text Only

Help

Site Map

Thursday, November 20, 1997 Published at 06:54 GMT



World: Far East

More help for troubled Asian Pacific economies

Officials from Asian Pacific nations have agreed to set up a special fund to supplement rescue programmes by the International Monetary Fund for troubled Asian economies.

The agreement came at a meeting of Asia/Pacific countries in the Philippines.

The BBC Economics Correspondent says it represents a setback for plans put forward by Japan two months ago for a separate Asian Monetary Fund, following the financial crises that have hit several South East Asian economies.

Our correspondent says the meeting also agreed a radical feature the IMF has been demanding: that governments of the region should monitor each other to help tackle potential crises in future.

From the newsroom of the BBC World Service
 





Back to top | BBC News Home | BBC Homepage

İ