Answer to Question #295936 in Economics for unknown

Question

what role did the international monetary fund play in resolving the Asian financial crisis in 1997-1998?

Answer 1

To contain the economic damage caused by the crisis, the affected countries introduced corrective measures. In the latter part of 1997 and early 1998, the IMF provided $36 billion to support reform programs in the three worst-hit countries—Indonesia, Korea, and Thailand.