Page content
Govt tackles old crisis debt
The cabinet has approved an additional transfer of 18 billion baht from the Financial Institutions Development Fund (FIDF) to help repay outstanding debt incurred from the country's financial sector rescue operations following the 1997 Asian financial crisis. Government spokesperson Rachada Dhnadirek said the cabinet approved the transfer to the dedicated account used to repay principal borrowed to compensate losses incurred by the FIDF. The transfer will be made gradually in line with the fund's liquidity position, as proposed by the FIDF and submitted by the Finance Ministry. [...]