OTHER NEWS - Sept. 27, 1993
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$55-Million Loan Package Expected to Satisfy IMF: Japan and Western countries have pledged to repay Vietnam’s remaining $55 million in arrears to the International Monetary Fund. The officials said Japan and France will bear the majority of the debt with equal amounts, in the form of loans and grants, of about $20 million each. The figures will be finalized when the support group meets in Washington today, they said. Sweden has pledged $10 million, Australia about $3 million, and Finland $1 million. Repayment of the arrears will clear the way for Vietnam to sign a structural adjustment accord with the IMF, expected in October.
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