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Central Bank in Thailand Set to Wrap Up Financial Fund Plan.

Bangkok Post (Bangkok, Thailand)

| March 06, 2002 | COPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Parista Yuthamanop

Mar. 6--The Bank of Thailand will finalise a plan to restructure the finances of the Financial Institutions Development Fund within a few weeks, M.R. Pridiyathorn Devakula, the central bank governor, said yesterday.

He said the central bank had scrapped a plan to issue new bonds totalling 320 billion baht to help refinance the FIDF's liabilities.

The central bank was working with the Finance Ministry on a new refinancing programme for the FIDF, M.R. Pridiyathorn said, although he declined to give details.

The central bank last year announced that the FIDF would issue up to 774 billion baht in bonds by the ...

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