Easybourse, 20 Mar 2009
Asian economies targeted for a sweetened credit backstop from the International Monetary Fund said "thanks but no thanks" Friday, highlighting the stigma attached in the region to any suggestion of taking money from the IMF.
Officials in South Korea, Taiwan and Singapore told Dow Jones Newswires their governments don't need to participate in the revised $100 billion flexible credit line, a program announced in October that didn't attract a single borrower.
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