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Nine Asian Countries Committed to Inject Funds into Bond Fund.
Byline: Wichit Chantanusornsiri
May 13--Nine Asian countries have already made a commitment to inject funds into the Asian bond fund, which is expected to start operations later this year with initial capital of at least US$1 billion, according to Finance Minister Suchart Jaovisidha.
Mr. Suchart declined to identify the countries participating, but said that Japan would definitely be a member.
The Thai government has already approved the injection of up to $200 million in international foreign reserves for the fund.
Mr. Suchart, speaking at a working group of the 18-nation Asia Co-operation Dialogue (ACD) group yesterday in Bangkok, ...
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