BANGKOK, 6 May 2015 – The Deputy Managing Director of the International Monetary Fund (IMF) has admired Thailand for its economic preparedness.
During a meeting with Deputy PM for economy M.R. Pridiyathorn Devakula, IMF Deputy Managing Director Mitsuhiro Furusawa voiced his satisfaction with the government’s economic policy and schemes.
M.R. Pridiyathorn disclosed that the IMF Deputy Managing Director had suggested that the country speed up reforms in five areas including oil, tax, digital economy, modern industrial development and incentives for foreign investors.
The Deputy PM said that the government was working on new inheritance taxation but had suspended property taxation pending a thorough study. M.R. Pridiyathorn also denied that the economic slowdown was attributed to inflation.
He further explained that the country’s economy was in fact affected by the lackluster global economy caused by the dramatic oil price drop. Hence, there is no need for the government to issue an economic stimulus package to solve uncontrollable factors.
