IMF boss Michel Camdessus said the Thai financial crisis will slow Southeast Asian economies over the next several months but should not have long-term negative effects. Even Thailand - getting a US$16.7 billion bailout from the International Monetary Fund and seven neighbors in the wake of a collapse of the baht - will continue to expand, he forecast.
IMF's Thai Rescue
IMF boss Michel Camdessus said the Thai financial crisis will slow Southeast Asian economies over the next several months but should not have long-term negative effects. Even Thailand - getting a US$16.7 billion bailout from the International Monetary Fund and seven neighbors in the wake of a collapse of the baht - will continue to expand, he forecast.
