USA: THAI FINANCE MINISTER TARRIN NIMMANAHAEMINDA SAYS THAILAND AND THE INTERNATIONAL MONETARY FUND BROADLY AGREE ON PARAMETERS FOR SECOND REVIEW OF IMF-LED PROGRAMME TO STABILIZE THE ECONOMY

Record ID: 988607

  • Title: USA: THAI FINANCE MINISTER TARRIN NIMMANAHAEMINDA SAYS THAILAND AND THE INTERNATIONAL MONETARY FUND BROADLY AGREE ON PARAMETERS FOR SECOND REVIEW OF IMF-LED PROGRAMME TO STABILIZE THE ECONOMY
  • Date: 23rd January 1998
  • Summary: WASHINGTON.D.C., UNITED STATES (JANUARY 23, 1998) (RTV-ACCESS ALL) 1. SV THAI FINANCE MINISTER TARRIN SPEAKING TO REPORTERS . 0.13 2. SCU TARRIN SAYING, " I THINK WE HAVE MANAGED TO HAVE A VERY GOOD UNDERSTANDING WITH THE FUND OFFICIALS AND, AGAIN, WE BROADLY AGREE ON HOW TO STRUCTURE THE PARAMETERS FOR THE SECOND REVIEW. BUT MUCH DETAIL AND MUCH WORK NEEDS TO BE DONE YET BEFORE WE CAN PRECISELY LET YOU KNOW WHAT SPECIFIC MEASURES WILL BE REQUIRED FOR AN ADJUSTMENT." (ENGLISH) 1.06 3. SCU TARRIN SAYING, "THE CHANGES IN THE IMF PROGRAM ARE NORMALLY BUILT IN ON AN AUTOMATIC BASIS INTO THE QUARTERLY REVIEW. THE REVIEW HAS TWO REASONS BEHIND IT. ONE IS WHETHER THE RECIPIENT COUNTRY ADHERED TO THE PROGRAM STRICTLY, AND THERE'S NO PROBLEM IN OUR CASE BECAUSE WE STRICTLY ADHERED AND FULLY FULFILL ALL THE PERFORMANCE CRITERIA. THE SECOND REASON IS OBVIOUSLY TO LOOK TOGETHER, STUDY TOGETHER, BETWEEN THE (INTERNATIONAL MONETARY) FUND AND THE COUNTRY, TO DETERMINE IF THERE ARE ANY CHANGES REQUIRED IN ORDER TO MEET PERHAPS A NEW,CHANGING ENVIRONMENT. FOR EXAMPLE, IN OUR CASE, THE (INTERNATIONAL MONETARY) FUND PROGRAM WAS PUT TOGETHER FOR THAILAND, THE ASSUMPTION THAT THERE WOULD BE A CONTAGION EFFECT WAS NOT THERE. AND NOW IT'S THERE IN THE DEGREE THAT NO ONE ANTICIPATED" 2.19 4. SCU REPORTER ASKS TARRIN WHAT SPECIFIC ADJUSTMENTS THAILAND ASKED FOR FROM THE INTERNATIONAL MONETARY FUND? TARRIN ANSWERS,"THE SPECIFIC ADJUSTMENTS WILL BE MADE KNOWN WHEN WE FINISH THE REVIEW." (ENGLISH) 2.30 WASHINGTON, D.C., UNTIED STATES (JANUARY 23, 1998) (U.S. POOL) 5. SV STILL PHOTO SHOWING TARRIN MEETING U.S. PRESIDENT BILL CLINTON MEETING AT THE WHITE HOUSE. 2.45 Initials s3 P3 Script is copyright Reuters Limited. All rights reserved.
  • Embargoed: 6th February 1998 12:00
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  • Location: WASHINGTON D.C., UNITED STATES
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  • Country: USA
  • Reuters ID: LVAD7BLG63ZXETWIUB6WV1SSVUY
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