“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.”
“Bangladesh was very much like Nepal or Thailand or like Indonesia before their respective insurgencies broke out ... because all these governments were in denial,”
“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.”
“Ten or 15 years ago the IMF and the World Bank were out there making little loans here and there, but they weren't out saving the world, ... They've been unfairly criticized of doing a bad job.”
“In terms of production output costs, Thailand is approximately 20 percent higher and the Philippines is approximately 30 percent higher than China.”
“Yes, the idea came from the IMF, but it's better (than previous program). So we can communicate again.”
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