TRADE BRIEFS

TRADE BRIEFS

KAZAKHSTAN APPLIES

FOR IMF MEMBERSHIPKazakhstan applied for membership in the International Monetary Fund and World Bank, following in the footsteps of Russia and several other former Soviet republics.

The Tass news agency said Sergei Tereshchenko, Kazakh prime minister, signed an official application Sunday.

Russia, Ukraine, Azerbaijan and the three Baltic states also have applied for membership in the Washington-based agencies, which would provide access to new financing to help introduce market economies.

IMF experts already are offering advice on reforms under technical assistance accords reached late last year before 11 former Soviet republics created the new Commonwealth of Independent States to take the place of the disintegrating union.

FORD TO SEEK LOAN

FROM JAPANESE BANK

TOKYO - Ford Motor Co. soon will become the second of the big three U.S. automakers to seek low-interest loans from the Japan Development Bank, banking sources said Monday.

The money will be used to finance construction of an automobile-parts design facility in Japan.

The sources said the government-financed bank will give the request a positive review in view of the automobile and parts trade friction between Japan and the United States.

General Motors Corp., the world's largest automaker, will receive a $4.33 million (550 million yen) loan from the bank in fiscal 1992.

The bank has instituted a scheme to provide low-interest loans to foreign firms to facilitate their investment here.