Debt Burden To Rise

May 2006
Asia Monitor: South East Asia Monitor Volume 1;May2006, Vol. 17 Issue 5, p3
Country Report
Country Report
The article examines Thailand's increasing debt burden. Thailand's big companies have taken on foreign loans at interest rates that have risen in combination with U.S. borrowing costs to their most expensive level in five years. In the past, Thailand experienced a sharp jump in its external debts. Thailand has the ability and has the strong position of coping with additional debt. This is due to the fact that the proportion of Thailand's external debt which is denominated in U.S. dollars has declined sharply in the last six years, and its short-term external debts are not much more than a fifth of their peak level during the height of the Asian crisis.


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