WORLD BANK: East Asia acts to stimulate corporate reform and recovery.

0 Comments | M2 Presswire, April, 1999

M2 PRESSWIRE-6 April 1999-WORLD BANK: East Asia acts to stimulate corporate reform and recovery (C)1994-99 M2 COMMUNICATIONS LTD RDATE:020499 BANGKOK -- East Asia needs to adopt a balanced response to its economic crisis that combines an expansion of domestic demand with accelerated corporate and financial restructuring, a conference on getting the region back to business concluded today.

Policies to keep interest rates low and heighten consumer and government demand are crucial, business leaders and senior officials from around East Asia agreed at a corporate recovery meeting facilitated by the World Bank. The agreement came amid indications that corporate recovery is beginning in some companies in some parts of East Asia as businesses undergo...