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ASEM TF2 Introduction
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| ASEM TF2 was established in March 2001 with the UK's contribution of $7 million. Total contributions to date amount to $38.2 million with the European Commission as the largest contributor. Other contributors include China, Denmark, European Commission, Finland, France, Italy, Korea, the Netherlands and Sweden. ASEM TF2 maintains the focus of its predecessor on financial and corporate restructuring and on social welfare and safety nets. Grants have been made to five East Asian countries: China, Indonesia, the Philippines, Thailand and Vietnam.
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