Thai Prime Minister Abhisit Vejjajiva is confident that his state visit to the United States will help improve Thailand's reputation in the international community, according to a statement given last Saturaday. He also said that this will show Thailand's readiness to return to the global scene and engage once more in global forums.
Furthermore, he reassured business and political leaders he had met during his US visit that Thailand is back to normalcy, estimating that foreign investors, particularly those in the food, automotive, and service sectors, will be back in the Southeast Asian nation in as little as one or two months. He is in the belief that foreign investors have already understood that the situation is now much better in the country than in previous years.
In the same interview with the Nation Channel, the Prime Minister talked about the G-20 Summit held in Pittsburgh.
According to Vejjajiva, the G-20 nations promised to tighten their financial stimulus plans to help save the sagging economy from further contraction, as they believed that the stimulus packages can largely help their respective economies to bounce back and recover.
The PM further said that the Forum had also agreed to reform international monetary institutions to strictly monitor the global fiscal system and to avoid more recessions in the future. The Forum's decision to strengthen its stimulus packages were in-line with Thailand's and ASEAN's plan of strengthening their own stimulus packages, he added. He said that it is in the ASEAN's view that stimulus spending is important to create more income and jobs, which will eventually boost private spending.
The G-20 members also agreed to increase the voting power of emerging economies from 5 percent to 50 percent, a move that ushered in great support from Brazil, India, and China, though largely opposed by Europe.
For more details, please refer to this article from NationMultimedia.com.
