International Finance: Actions Taken to Reform Financial Sectors in Asian Emerging Markets

GGD-99-157 Published: Sep 28, 1999. Publicly Released: Oct 14, 1999.
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Highlights

Pursuant to a congressional request, GAO analyzed the efforts to improve the financial sectors of the emerging market countries of Indonesia, South Korea, and Thailand, focusing on: (1) the nature of weaknesses in the countries' financial sectors; (2) the extent to which the countries have achieved reforms in their financial systems; (3) the extent to which the countries have implemented international principles for banking supervision; and (4) U.S. government and multilateral institutions' efforts to effect changes in the financial sectors of these emerging markets.

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