Mr. Rodrigo de Rato, Managing Director (MD) of the International Monetary Fund (IMF), issued the following statement in Singapore:
"We are following the situation closely. Thailand's economy is fundamentally strong and financial market reactions have been limited. Regional financial markets have also been little affected thus far.
"On the whole, Asian economies are resilient to external shocks, having strengthened their macroeconomic frameworks, increased exchange rate flexibility, and reduced external vulnerabilities in recent years."
International Monetary Fund
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