"There are some concerns that Thailand could ask for financial assistance from the IMF to overcome this crisis, similar to the Asian financial crisis in 1997. There are 102 IMF member countries that require financial support from the IMF, from a total of 195 member countries, he said. The central bank forecasts GDP to shrink by 8.1% this year. General financial assistance measures used in the second phase helped provide debt relief for many borrowers, he said, but these weaken financial institutions and dampen the financial system. Central banks' monetary and financial measures across the world have affected market liquidity and foreign capital movement, he said.

Source: Bangkok Post July 20, 2020 23:03 UTC