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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1204 |
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Moreover, Indonesia also approached the IMF for assistance in 1997 and credit was approved with similar conditions that the Thai government had agreed to, including closer oversight for the banking sector. Although few of the strict loan conditions were adhered to, the Indonesian government also received billions in IMF aid...
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Korea also relied upon IMF support during the economic crisis of the late 1990s. Several aid packages introduced growth targets, and improvement of oversight for the banking industry. The Korean government was called upon to "dismantle the non-transparent and inefficient ties among government banks and business" (Corsetti et al...
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