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Strategies & Market Trends : Asia Forum

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To: Thomas Haegin who wrote (1421)	1/23/1998 6:47:00 AM
From: Thomas Haegin	of 9980

Repost: More goodwill needed from IMF in Thailand --------------------------------------------------------------- Infobeat 01/22/98 Deficit threatens Thailand's IMF pledge The Finance Ministry reported Thursday that the Thai government had a budget deficit of $700 million in the last three months of 1997. The deficit threatens government pledges to the International Monetary Fund to record a budget surplus equal to 1% of gross domestic product in the fiscal year ending Sept. 30. The surplus is required under the terms of the IMF-led $17.2 billion rescue program for Thailand reached in August after the government's flotation of its currency, the baht, triggered an economic meltdown. (USA Today)

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