## Press Release: Thailand Completes Early Repayment of 1997 Stand-By Arrangement

_IMF News, July 31, 2003_

## Source details

**Canonical URL:** [Press Release: Thailand Completes Early Repayment of 1997 Stand-By Arrangement](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr03131)

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## Bibliographic details
- Authors: Arrangement Press Release No.
- Published: July 31, 2003

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### Event summary
- Press Release No. 03/131
- Date: July 31, 2003
- Thailand completed an early repayment of its outstanding obligations to the International Monetary Fund under a Stand-By Arrangement (see Press Release No. 97/37).
- Under the original schedule, the final repayment of outstanding loans from the IMF would have taken place in 2004.

### Financial details
- Repayment made by Thailand on July 31: SDR 68.75 million (about US$96 million).
- Total drawings under the SDR 2.9 billion (about US$4 billion) Stand-By Arrangement amounted to SDR 2.5 billion (about US$3.5 billion).

### Official statement
- Mr. Horst Köhler, the Managing Director of the IMF, stated:
  - "Thailand's ability to repay the IMF ahead of schedule reflects a strong macroeconomic and balance of payments performance over the past few years. This success has been underpinned by a sound policy framework, for which the government and the Bank of Thailand should be congratulated."

*International Monetary Fund*

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## References

- [Thailand and the IMF](http://www.imf.org/external/country/THA/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [Press Release No. 97/37](https://www.imf.org/external/np/sec/pr/1997/pr9737.htm)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr03131_