11. A divided Thai government spent billions to prop up the baht before conceding today. 12. A fall in exports and the collapse of the real estate market in Thailand led the Thai government to allow the baht to float, driving up the dollar. 13. Activists there are considering a lawsuit that would seek to allow the Thai government to bypass the ddI patent. 14. Already, the World Bank is working with Thai government officials to create jobs in rural parts of the country and discourage students from dropping out of school. 15. But the Thai government itself has a very strong bureaucracy, with expertise. 16. Camdessus said he was particularly pleased with how the Thai government handled the issue of financial institutions forced to suspend operations by the Thai government. 17. Currencies in Thailand, Malaysia, the Philippines and Indonesia have been in a free fall since July when the Thai government allowed the baht to float. 18. Earlier this month public opposition forced the Thai government to repeal just-instituted fuel tax increases designed to meet IMF fiscal requirements. 19. Fischer said he expects investors to realize the strength of the IMF program and the commitments undertaken by the Thai government. 20. For now the IMF is waiting to see how the Thai government weathers the current political storm. |