Thailand's battered financial system, beset most acutely by a currency collapse that threatens to spread beyond its borders, is getting help from outside. The International Monetary Fund, along with Japan, Australia, Hong Kong, Malaysia, and Singapore, announced a US$16 billion loan package to replenish foreign capital reserves.
Thailand Bailout
Thailand's battered financial system, beset most acutely by a currency collapse that threatens to spread beyond its borders, is getting help from outside. The International Monetary Fund, along with Japan, Australia, Hong Kong, Malaysia, and Singapore, announced a US$16 billion loan package to replenish foreign capital reserves.
