Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Asia and Pacific > Thailand

You are looking at 1 - 10 of 179 items for :

  • Type: Journal Issue x
  • Money and Monetary Policy x
Clear All Modify Search
Cover IMF Staff Country Reports
Thailand: Selected Issues
International Monetary Fund. Asia and Pacific Dept
2024 Selected Issues
Keywords:
fan chart; household debt; Thailand's debt ceiling; public debt debt ceiling; estimates of debt limits; Debt limits; Consumer credit; Loans; Consumer loans; Global; Eastern Europe
Cover IMF Staff Country Reports
Thailand: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand
International Monetary Fund. Asia and Pacific Dept
Thailand’s cyclical recovery is underway, though it has yet to become broad-based. Growth is projected to accelerate moderately, reaching 2.7 percent in 2024 and 2.9 percent in 2025, supported by the rebound of tourism-related activities and fiscal stimulus. The slow recovery, weaker than in ASEAN peers, is rooted in Thailand’s longstanding structural weaknesses and emerging headwinds that also contribute to a muted inflation trajectory. Significant uncertainty in the external environment and downside risks cloud the outlook.
Keywords:
inflation expectation; inflationtargeting monetary policy framework; supply and use tables; monetary policy analysis; Thai baht; Trade balance; Inflation; Credit; Global
Cover Policy Papers
Operational Guidance Note for IMF Engagement on Social Spending Issues
International Monetary Fund. Strategy, Policy, & Review Department
and
International Monetary Fund. Fiscal Affairs Dept.
This note provides general guidance on the operationalization of the strategy for IMF engagement on social spending. Social spending plays a critical role as a key lever for promoting inclusive growth, addressing inequality, protecting vulnerable groups during structural change and adjustment, smoothing consumption over the lifecycle, and stabilizing demand during economic shocks. Social spending policies have also been playing an important role in tackling the structural challenges associated with demographic shifts, gender inequality, technological advances, and climate change. This note builds on a series of notes on IMF engagement on specific social spending issues since the publication of the 2019 strategy paper and provides operational guidance on when and how to engage on social spending issues, in the context of surveillance, IMF-supported programs, and capacity development.
Keywords:
social spending; spending adequacy; spending efficiency; fiscal sustainability; social spending conditionality; social spending floor; social safety nets; education; health; pensions.; spending issue; transparency policy; I. social spending data; IMF capacity development; Health care spending; Education spending; West Africa; Sub-Saharan Africa
Cover IMF Staff Country Reports
Philippines: Selected Issues
International Monetary Fund. Asia and Pacific Dept
Selected Issues
Keywords:
pricing scheme; allowance price volatility; climate policy assessment tool; GHG emissions projection; burden of carbon pricing; Carbon tax; Greenhouse gas emissions; Value-added tax; Global; Asia and Pacific
Cover IMF Working Papers
A Multi-Currency Exchange and Contracting Platform
Mr. Tobias Adrian
,
Federico Grinberg
,
Mr. Tommaso Mancini Griffoli
,
Robert M. Townsend
, and
Nicolas Zhang
Cross-border payments can be slow, expensive, and risky. They are intermediated by counterparties in different jurisdictions which rely on costly trusted relationships to offset the lack of a common settlement asset as well as common rules and governance. In this paper, we present a vision for a multilateral platform that could improve cross-border payments, as well as related foreign exchange transactions, risk sharing, and more generally, financial contracting. The approach is to leverage technological innovations for public policy objectives. A common ledger, smart contracts, and encryption offer significant gains to market efficiency, completeness, and access, as well as to transparency, transaction and compliance costs, and safety. This paper is a first step aiming to stimulate further work in this space.
Keywords:
Cross-border payments; multilateral platforms; digital money; CBDC; programmability; encryption; exchange-market illiquidity; risk sharing; market design; hedging risk; cross-border payment; Smart contracts; Currencies; Currency markets; Financial statements; Global
Cover IMF Staff Country Reports
Thailand: Selected Issues
International Monetary Fund. Asia and Pacific Dept
Selected Issues
Keywords:
export sophistication; insolvency regime; NDC roadmap; emissions trend; resource reallocation; Greenhouse gas emissions; Debt restructuring; Solvency; Carbon tax; Global; Asia and Pacific
Cover IMF Staff Country Reports
Thailand: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand
International Monetary Fund. Asia and Pacific Dept
Thailand’s economy is recovering from an unprecedented crisis emanating from multiple waves of the COVID-19 pandemic. Ample policy space has allowed a swift and bold policy response and vaccine rollout has accelerated. However, the recovery is weak and uneven across sectors, with inflation rapidly rising driven by energy prices. Downside risks dominate the outlook, sharpening policy tradeoffs. The pandemic has also brought to the fore the urgency for Thailand to identify new growth drivers to reverse the pre-pandemic trend of declining productivity growth and meet the challenges of the post-pandemic world.
Keywords:
net portfolio inflow; inflation expectation; Medium-term government bond bond yield; inflation dynamics; monetary policy committee meeting; Inflation; Trade balance; COVID-19; Fiscal stance; Global
Cover IMF Working Papers
Effective Fiscal-Monetary Interactions in Severe Recessions
Mr. Jiaqian Chen
,
Mr. Raphael A Espinoza
,
Carlos Goncalves
,
Tryggvi Gudmundsson
,
Martina Hengge
,
Zoltan Jakab
, and
Jesper Lindé
The COVID-19 pandemic and the subsequent need for policy support have called the traditional separation between fiscal and monetary policies into question. Based on simulations of an open economy DSGE model calibrated to emerging and advance economies and case study evidence, the analysis shows when constraints are binding a more integrated approach of looking at policies can lead to a better policy mix and ultimately better macroeconomic outcomes under certain circumstances. Nonetheless, such an approach entails risks, necessitating a clear assessment of each country’s circumstances as well as safeguards to protect the credibility of the existing institutional framework.
Keywords:
monetary policy rate; government spending hike; recession scenario; rate in Botswana; hike in liquidity trap; open economy; Inflation; Inflation targeting; Fiscal stimulus; Africa; Global
Cover IMF Staff Country Reports
Lao People’s Democratic Republic: Technical Assistance Report on Government Finance Statistics Mission (October 4-29, 2021)
International Monetary Fund. Statistics Dept.
This paper presents Lao People’s Democratic Republic’s Technical Assistance report on government finance statistics (GFS) mission. There has been a progress on a gradual basis in the timeliness of GFS compilation and dissemination to the IMF due to an improvement in coordination between the Fiscal Policy and Law Department and data providers on the provision of source data, but these data are still not reconciled in a more regular and timelier basis. Monthly budget execution data which is used for GFS compilation, such as other allowances and subsidies in expenditure in particular, are aggregated and prepared according to source data from the data providers. The Annual budget for FY2022 including fiscal package including fiscal measures for coronavirus disease 2019 (COVID-19) pandemic response was submitted to the National Assembly in Nov/Dec 2021. The report recommends to coordinate with relevant departments including the Budget Department in the reporting system and/or the Inter-ministerial Committee to collect data for COVID-19 related spending for tracing and monitoring the spending.
Keywords:
IMF capacity development office; PSDS data compilation; IMF's Statistics Department; execution data; data dissemination to IMF; Government finance statistics; Budget execution and treasury management; Capital spending
Cover IMF Staff Country Reports
Côte d’Ivoire: Selected Issues
International Monetary Fund. African Dept.
Selected Issues
Keywords:
growth spell; governance FRAMEWORK; efficiency gain; world governance indicator; growth episode; Health care spending; Education spending; Public investment spending; Global; Sub-Saharan Africa; West Africa; Africa