Moody’s sees prospects for sound Eeconomic policies in Thailand
Moody’s Investors Service reacted positively to the creation of Thailand’s new economic advisory committee appointed by the military leadership that took power on Sept 19. The committee is the creation of the military’s Council for Democratic Reform (CDR) that now governs the country.
“The committee may help bolster confidence by ensuring sound economic policies,” said Moody’s Vice President Thomas Byrne.
He noted that the committee is chaired by the governor of the Bank of Thailand, Pridiyathorn Devakula, who has steadily steered monetary and exchange rate policy as the central bank amassed a substantial amount of international reserves, $60 billion, which is larger than Thailand’s total external debt. New York
Vincent J. Truglia New York
Thomas J. Byrne Moody’s Investors Service
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