A SUPPLEMENT TO EUROMONEY/APRIL 1998: EASTERN EUROPE
In November, as Ukrainian government officials huddled around a table conferring about the country’s escalating fiscal crisis, the Asian crisis seemed at best an annoying aside. Indeed, some sitting at the table expected that if the IMF was willing to help countries such as Korea, then it would certainly help Ukraine – which is, after all, the third-largest recipient of US aid.
“They were saying ‘Korea? How many people do they have anyway? And they got $57 billion.
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