Asia Recovery Report - May 2000

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    Rep. of Korea

    Philippines

    Thailand

    1999199819971996 Feb-00

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    Net Portfolio InvestmentNet Direct Investment

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    Nov 99

    Dec 97

    Rep. of Korea

    Malaysia

    Philippines

    Thailand

    0 3 6 9 12 15 18

    Dec 97

    Dec 99

    Dec 97

    Feb 00

    Dec 97

    Dec 99

    Latest estimate available

    Peak level since the crisis

    Indonesia

    Rep. of Korea

    Malaysia

    Philippines

    Thailand

    Mar 99

    Jun 99

    Dec 99

    Nov 98

    Jan 00

    Nov 99

    Feb 00

    0 10 20 30 40 50 60

    Dec 99

    Feb 00

    May 99

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    Dec 99

    NPLs disposed(as % of NPLs purchased)

    NPLs purchased(as % of total NPLs)

    Indonesia

    Rep. of Korea

    Malaysia

    Thailand

    0 25 50 75 100

    Dec 99

    Dec 99

    Dec 99

    Feb 00

    Dec 99

    Feb 00

    Disposal discount

    Purchase discount

    Rep. of Korea

    Malaysia

    Thailand

    0 25 50 75 100

    Feb 00

    Feb 00

    Dec 99

    Dec 99

    Dec 99

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    Indonesia

    Rep. of Korea

    Malaysia

    Thailand

    0 10 20 30 40 50 60 70

    Indonesia

    Rep. of Korea

    Malaysia

    Thailand

    0 20 40 60 80

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    Indonesia

    Rep. of Korea

    Malaysia

    Thailand

    Mar 00

    0 20 40 60 80

    % of cases resolved

    Mar 00

    Dec 99

    Mar 00

    Mar 00

    Mar 00

    Mar 00

    % of debt restructured

    Indonesia

    Rep. of Korea

    Malaysia

    Philippines

    Thailand

    CompletedAcceptedFiled

    0 20 40 60 80 100

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    Indonesia

    Rep. of Korea

    Malaysia

    Philippines

    Thailand

    0 1 2 3 4 5

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    Note: Moodys: Baa bonds are considered medium-grade obligations. Interest payments and principal security appear adequate for the present. Ba bondsare judged to have speculative elements, their future cannot be well assured. B bonds generally lack characteristics of the desirable investments. Standard& Poor's: BBB bonds have adequate protection parameters, but adverse economic conditions could lead to weakened repayment capacity. BB bonds havea speculative element. B bonds are more vulnerable to nonpayment than BB bonds. CCC bonds are currently vulnerable to nonpayment. Fitch IBCA: BBBbonds are investment grade, good credit quality bonds. BB bonds are speculative with a possibility of credit risk developing. B bonds are highly speculative,with a significant credit risk.Source: Bloomberg.

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    Indonesia

    Rep. of Korea

    Malaysia

    Philippines

    Thailand

    0 5 10 15 20 25 30

    20001999199819971996

    Indonesia

    Rep. of Korea

    Malaysia

    Philippines

    Thailand

    20001999199819971996

    0 2 4 6 8 10

    20001999199819971996

    Indonesia

    Malaysia

    Philippines

    Thailand

    0 2 4 6 8

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    Note: Data for 1996-1999 are from ARIC Indicators.1 Consensus Economics Inc., Asia Pacific Consensus Forecasts, March 2000; Figures in parentheses represent the range of forecasts.2 Official government projections were obtained from the following sources: IndonesiaBank Indonesia, Policy Implementation in 1999 and Policy Direction

    for 2000, January 2000; Rep. of KoreaMinistry of Finance and Economy, Korea Economic Update, 24 January 2000; MalaysiaBank Negara Malaysia,2000 Budget Speech, 25 February 2000; PhilippinesNational Economic and Development Authority, 1999 Economic Performance and 2000 Prospects,28 January 2000; ThailandBank of Thailand, Revised Economic Forecasts for the Thai Economy, 29 February 2000.

    3 ADB, Asian Development Outlook 2000, April 2000.4 IMF, World Economic Outlook, April 2000.5 World Bank, East Asia and Pacific Quarterly Brief, 22 March 2000.

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    EMBIPLUS Asia Latin America

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    Note: Data for 1996-1999 are from the Asian Development Outlook 2000.1 Consensus Economics Inc., Asia Pacific Consensus Forecasts, March 2000; Figures in parentheses represent the range of forecasts.2 ADB, Asian Development Outlook 2000, April 2000.

    3 IMF, World Economic Outlook, April 2000.4 World Bank, East Asia and Pacific Quarterly Brief, 22 March 2000.

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