Statement in support of the Thai adjustment programme

Press release  | 
20 August 1997

The monetary authorities of the G-10 countries and other Asian and European countries, together with the BIS, strongly support the stabilisation programme prepared by the Thai authorities, and welcome the financial assistance that is being made available by the IMF and others to support that programme. They are agreed that they shall stand ready, in case of need, to support the Bank of Thailand by providing liquidity through the BIS, under conditions to be determined, in the form of a short-term bridging facility.