IMF Begins Structural Adjustment in Asian Financial Crisis

| Importance: 9/10 | Status: enhanced

The International Monetary Fund (IMF) initiates comprehensive economic intervention in Thailand, marking the start of widespread structural adjustment policies across Southeast Asian economies. This intervention requires Thailand to implement strict austerity measures, deregulate financial markets, and open economies to foreign investment as conditions for emergency loans.

Key Actors

IMF World Bank Thai Government Thai Central Bank McKinsey & Company

Tags

asian-financial-crisis structural-adjustment economic-intervention neoliberalism imf-policy financial-crisis

Sources (3)

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