BANGKOK: Ekniti Nitithanprapas was a young graduate student in the United States when Thailand devalued the baht in 1997, setting off the Asian financial crisis. A loan from the International Monetary ...
Nearly 30 years after IMF rescue, Thailand faces new economic test
Thailand seeks investment-led growth as it hosts IMF and World Bank meetings while tackling years of sluggish economic expansion.
AA Astro Awani 
Key points
- A loan from the International Monetary Fund and a raft of recovery measures helped Thailand find a way out of the economic morass.
- Almost 30 years on, Bangkok will next week host the annual meetings of the IMF and World Bank and Ekniti, now Thailand's finance minister, is looking to steer the economy through a new challenge: how to escape years of sluggish growth.
- Ahead of the Bangkok meetings, IMF Managing Director Kristalina Georgieva warned the global economy was under threat from persistently high energy prices, record public debt and risks from the AI investment boom — all factors for Thailand, where the public debt-to-GDP ratio is nearing the official ceiling of 70%.
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