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Journalistically rewritten: The Board of Trustees (BoT) is being urged to assume responsibility for the FIDF (Foreign Investment and Development Fund) debt burden.

Bangkok Post LogoBangkok Post1w ago

 Journalistically rewritten: The Board of Trustees (BoT) is being urged to assume responsibility for the FIDF (Foreign Investment and Development Fund) debt burden. - Bangkok Post

Quick Summary:

A proposal by a Finance Ministry official to shift the debt burden responsibility of the Financial Institutions Development Fund (FIDF) to the Bank of Thailand has been put forward, as the central bank is already responsible for repaying both the principal and interest of the debt.

In its efforts to stabilise financial institutions facing difficulties, the FIDF acquired stakes in several such entities, including asset management companies, and managed assets and collected debts arising from its interventions.

The source said if the ministry could move this debt burden off the public debt account, it would reduce the debt-to-GDP ratio by 5 percentage points.


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 Journalistically rewritten: The Board of Trustees (BoT) is being urged to assume responsibility for the FIDF (Foreign Investment and Development Fund) debt burden. - Bangkok Post (Picture 1) Journalistically rewritten: The Board of Trustees (BoT) is being urged to assume responsibility for the FIDF (Foreign Investment and Development Fund) debt burden. - Bangkok Post (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-11 @ 05:03:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 504 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 20933612

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About Bangkok Post

Bangkok Post Logo

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 2 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 13 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

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The story " Journalistically rewritten: The Board of Trustees (BoT) is being urged to assume responsibility for the FIDF (Foreign Investment and Development Fund) debt burden." has 504 words across 18 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story " Journalistically rewritten: The Board of Trustees (BoT) is being urged to assume responsibility for the FIDF (Foreign Investment and Development Fund) debt burden." was covered 1 weeks ago by Bangkok Post, a news publisher based in Thailand.

How trustworthy is 'Bangkok Post' news outlet?

Bangkok Post is a fully independent (privately-owned) news outlet established in 1946 that covers mostly economy and business news.

The outlet is headquartered in Thailand and publishes an average of 2 news stories per day.

It's most recent story was published 13 hours ago.

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  • News ID: #20933612
  • URL: https://beamstart.com/news/bot-urged-to-take-fidf-17153846677364

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