“The runs started in Thailand after the IMF intervened in such a dramatic way. Then the IMF came to Indonesia.”
“Sometimes you have to take a step back in order to get a running start forward.”
“It all depends on how much they raise the prices. We've seen in Indonesia and Thailand, where there have been really substantial step changes, it's had a big impact.”
“Bangladesh was very much like Nepal or Thailand or like Indonesia before their respective insurgencies broke out ... because all these governments were in denial,”
“There's a trend now for central banks in the region to raise rates. Thailand has been raising rates since last year and it has served them well.”
“We want to see Thailand emerge as a bastion of freedom and democracy, not as a ... partner with the Burmese dictatorship. Friends don't let friends enable dictatorship.”
“Korea's early repayment of the full amount of loans from the IMF is a major milestone,”
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