World Bank rolls up sleeves to cure corporate-debt ills

Article Abstract:

World Bank has delegated a team of financial experts to Thailand in order to determine the severity of the country's corporate indebtedness and help government officials to re-establish its ailing economy. The move is part of World Bank's two-tier austerity measure to Thailand. The team is also expected to assess Thailand's lending practices and grant the government $400 million, necessary to strengthen Thailand's foreign reserves.

Public Finance Activities, Economic Programs, Administration of Economic Programs, National Government Liabilities & Debt, Foreign Economic & Financial Assistance, Management, Evaluation, Economic development, Economic assistance, Foreign economic assistance, World Bank, National debt, Debt

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Thai bank chief sets out steady course for economy

Article Abstract:

Bank of Thailand Gov. Vijit Supinit has outlined his economic policy for 1996. He plans to increase savings, reduce unpredictable money flows and attain economic stability. The central bank governor remains optimistic about prospects for the Thai economy for 1996, despite disappointing economic indicators in 1995. Consumer prices increased by 5.8%, while current account deficit rose from 1994 levels.

Domestic Monetary Policy, Monetary policy

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Thai central bank chief resigns amid criticism

Article Abstract:

Bank of Thailand Gov. Vijit Supinit has resigned his position amid accusations that he was to blame for the bank's tarnished reputation. Thai Finance Minister Bodi Chunnananda stated that Vijit voluntarily resigned to show his concern for the national economy and to put an end to daily news articles lambasting him as the cause of Thailand's economic problems.

Central Bank & Govt Reserves, Appointments, resignations and dismissals

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