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SKOREA-FINANCE-BANKING-ASIA-FILES
TO GO WITH Finance-banking-Asia,ANALYSIS by Stephen Coates
(FILES) This file photo taken on December 3, 1997 shows International Monetary Fund (IMF) managing director Michel Camdessus (R) talking to South Korean Finance Minister Lim Chang-Yuel (L) and Kang Man-Su (C), vice finance minister, before they announce to the media what they agreed after 14 hours of gruelling negotiations in Seoul. Painful reforms launched amid the maelstrom of the 1997-1998 Asian economic downturn have put the Asian region in good shape to weather the much deeper crisis now gripping global markets in 2008, economists said. The IMF threw lifelines back then worth 58 billion USD to Seoul, 43 billion to Jakarta and 17 billion to Bangkok in return for far-reaching reform as the three "Asian tigers" teetered near bankruptcy. AFP PHOTO / FILES
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Detalii fotografie |
| Loc: |
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SEOUL, REPUBLIC OF KOREA |
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AFP / Mediafax Foto |
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| Fotograf: |
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KIM JAE-HWAN |
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| Data: |
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3 Decembrie 1997 |
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| Dimensiuni: |
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2200 x 1563 (640.75 KB) |
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