IMF rescue package isn't panacea for bad-debt hole

Article Abstract:

Economists maintain that the IMF rescue package for the Thai economy would not be enough to ensure the recovery of the financial services sector as the lack of transparency and the magnitude of the bad debt issue cannot be corrected by the deal alone. The Thai government attests to figures showing the Thai situation being worse than earlier anticipated and the government's reluctance to disclose its debt financing schemes would deter investors from helping the government prop up the baht.

Administration of General Economic Programs, Currency Stabilization Programs, Analysis, Statistics, Economic indicators, Currency devaluation, Devaluation (Currency), Currency stabilization, Foreign loans

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Economy's condition remains critical despite IMF aid

Article Abstract:

Thailand's economic outlook remains bleak despite the $17.2 bil rescue package arranged by the International Monetary Fund (IMF). The bailout has failed to stop the continued fall of the Thai baht and the stock market. Since the rescue package was unveiled, Thailand's stock market has hit an all-time low in terms of volume and the baht shed 24% of its value against the dollar.

International Affairs, Finance, taxation, & monetary policy, Intnl Monetary Fund, Economic assistance, Foreign economic assistance, Depressions, Economic depressions

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