‘Foreign debt: We could try the Thai way’

'Foreign debt: We could try the Thai way' - Daily Nation, August 18, 2003
African newspaper comments on Thailand and the IMF: Now, with the loan fully repaid, Thais cannot wait to reverse the IMF-dictated legislation. Parliament is soon expected to amend the 11 economic reform laws enacted as a condition for obtaining IMF loans. What a contrast? Kenya is literally begging to become more indebted to the IMF despite being saddled with an onerous burden. With foreign debt exceeding $5 billion and domestic debt of around $3.5 billion, Kenya's annual debt repayments currently consume more than 30 per cent of the annual budget. The budgeted allocation for debt repayments amounted to $1.3 billion in 2002.
This entry was posted in The Thaksin Years. Bookmark the permalink.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.