Thailand asserts economic strength at World Bank forum

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BANGKOK, April 15 – Caretaker Deputy Prime Minister/Finance Minister Kittirat Na-Ranong has given assurances to the world community that Thailand’s economic fundamentals remain strong despite the current political turmoil.

Speaking to the World Bank’s 89th Development Committee Meeting in Washington, DC, he said Thailand’s inflation was manageable while unemployment rate was low and international reserves rather high.

He said the country’s public debt vis-a-vis the gross domestic product was low and the financial status was strong.

Mr Kittirat represented 11 Southeast Asian countries in a speech advocating the World Bank’s development policy including economic development after the global meltdown, financial support for infrastructure development projects and natural disaster risk management.

He held bilateral talks with two World Bank executives, Sri Mulyani Indrawati and Axel Van Trotsenburg, on the global economy in relations to Thailand and a significant cooperation on the new Country Partnership Framework (2014-2017) in which the World Bank will assist in systematic country diagnostic in order to promote Thailand’s future economic and social development.