Updates from the Managing Director

  [LOIMOU] Bidaya 3

  [LOIMOU] Yoshimura 1

  [LOIMOU] Han 1

Economic and social policies have made the Thai government and the IMF  deeply unpopular  March 4, 1998 - BANGKOK In its response to the financial crisis, the Thai government has attempted to control inflation and currency  depreciation through maintaining a high 20% interest rate and cutting social spending. Thai citizens that  were dependent on its recently created (and recently cut) social security programmes now struggle to adapt  without support from the state, while industrial and research spending continues to plummet. This week,  protests have erupted across the streets of Bangkok decrying the government’s policies and expressing  strong opposition to the IMF. With fears arising and panic spreading through the country, not only is swift  action encouraged, but terrifying repercussions likely to follow without it.