IMF Supports Thailand’s Fiscal Plan
BY JACOB MASLOW



BANGKOK: -- The International Monetary Fund (IMF) is supportive of Thailand’s fiscal plan, noting that infrastructure investment plans will not threaten the country’s fiscal health as officials have taken steps to maintain financial discipline.

Mitsuhiro Furusawa, IMF deputy managing director, stated that while infrastructure is an important investment for emerging economies, it’s important to maintain fiscal health. He noted that after speaking with Thai authorities, he believes that the fiscal plan does not incur too high of a debt-to-GDP ratio or too much of a budget deficit.

The Finance Ministry follows a practical policy that places a 60% of GDP cap on public debt to ensure that the country’s fiscal framework is sustainable.

Full story: http://ethailand.com/business-news/imf-supports-thailands-fiscal-plan/691/

-- eThailand 2015-12-09

The picture in the article sure gets the point across.

Considering the IMF's success ratio since its foundation, I think this is bad news. The IMF has a first-rate research division, and the management (as represented by Mr. Mitsuhiro Furusawa) never pays any attention to it. They follow a completely different agenda, basically the same as mafia loan sharks. If they approve of Thailand's fiscal policy we should be afraid, very afraid.