Executive Board Reviews Thai Program

• Pages: 385

Page 385

On December 8, the IMF Executive Board reviewed the progress Thailand had made in implementing its economic program. Following the review, a further SDR 600 million (about $810 million) was made available to Thailand under the SDR 2.9 billion ($3.9 billion) stand-by credit approved in August. SDR 1.2 billion ($1.6 billion) had been made available earlier under the arrangement. In announcing the review, IMF Managing Director Michel Camdessus said that the Thai...