Press Release: Statement by IMF Managing Director Rodrigo de Rato on Thailand
September 20, 2006Press Release No. 06/207
Mr. Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), issued the following statement today in Singapore1:
"We are following the situation closely. Thailand's economy is fundamentally strong and financial market reactions have been limited. Regional financial markets have also been little affected thus far.
"On the whole, Asian economies are resilient to external shocks, having strengthened their macroeconomic frameworks, increased exchange rate flexibility, and reduced external vulnerabilities in recent years."
1 Mr. de Rato was in Singapore for the 2006 Annual Meetings of the Boards of Governors of the International Monetary Fund and World Bank Group.