{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='USA: WASHINGTON: THAI FINANCE MINISTER NIMMANAHAEMINDA VISIT' data-url='/boclips/videos/5c54bdf0d8eafeecae137d19' data-video-url='/boclips/videos/5c54bdf0d8eafeecae137d19' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nUSA: WASHINGTON: THAI FINANCE MINISTER NIMMANAHAEMINDA VISIT\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eEnglish/NatThe U-S has welcomed assurances by the Thai government that it will undertake comprehensive financial reform in the wake of the Asian economic crisis.During a visit to Washington, the Thai Finance Minister Tarrin...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eThe U-S has welcomed assurances by the Thai government that it will undertake comprehensive financial reform in the wake of the Asian economic crisis.\u003cbr/\u003eDuring a visit to Washington, the Thai Finance Minister Tarrin Nimmanahaeminda, spoke of his country's determination overcome its economic turmoil. \u003cbr/\u003eOn Wednesday, Tarrin held meetings with the U-S Secretary of State Madeleine Albright and World Bank officials.\u003cbr/\u003eThere has been harsh criticism of United States policy in Thailand. \u003cbr/\u003eMany could not understand why the U-S rushed to assist South Korea by directly participating in its I-M-F bail-out, yet had failed to do so for its oldest ally in the region.\u003cbr/\u003eBut during a lengthy meeting between the Thai Finance Minister and the U-S Treasury's Robert Rubin, the focus was more on what the Thai government itself would do to cope with the country's economic crisis.\u003cbr/\u003eIn separate talks with the U-S Secretary of State, Madeleine Albright,  the Thai delegation considered the challenge of restoring financial stability in East Asia - and was promised U-S backing. \u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"We are very impressed with Thailand's determination in carrying out its I-M-F programme and we welcome Prime Minister Chuan's commitment to stay the course. The United States has been and will remain actively engaged in Thailand's stabilisation efforts and will continue to support adequate financing from the international financial institutions for the Thai reforms. Looking to the future we have great confidence in Thailand - that nation has acted firmly in seeking to restore confidence in the Thai economy and lay the groundwork for renewed growth. Moreover, its government  is democratic, its press open and its authority is accountable to the people.\" \u003cbr/\u003eSUPER CAPTION: Madeleine Albright, U.S. Secretary of State\u003cbr/\u003eBut the Secretary of State did not refer to any other types of financial support for Thailand from public or private sources. \u003cbr/\u003eNor did Albright and Tarrin mention the possibility of watering down the I-M-F reforms demanded of Thailand as part of a 17.2 (b) billion dollar financial rescue package.\u003cbr/\u003eSOUNDBITE: (English) \u003cbr/\u003e\"We are very much encouraged by your words of support and encouragement today and by the assurances we received from Secretary Rubin that the United States has and will continue to support adequate financing from the international financial institutions for the efforts of Thailand to re-establish financial stability and growth.\"  \u003cbr/\u003eSUPER CAPTION: Tarrin Nimmanahaeminda, Thai Finance Minister\u003cbr/\u003eWhile in the past Finance Minister Tarrin has said the I-M-F terms are generally acceptable, he says that some measures have become too strong as Thailand experienced a more drastic slowdown than expected.\u003cbr/\u003eSOUNDBITE: (English) \u003cbr/\u003e\" We have taken and will continue to implement wide ranging measures to strengthen and restructure our financial sector. The Thai people fully realise that hardship and sacrifice are necessary in this period of economic adjustment and reform.\" \u003cbr/\u003eSUPER CAPTION: Tarrin Nimmanahaeminda, Thai Finance Minister\u003cbr/\u003eTarrin was believed to be seeking some sort of help from the U-S in raising about 10 (b) billion dollars his government needs to buy off bad debt, in return for strict adherence to the terms of the I-M-F's rescue package.\u003cbr/\u003eTarrin is discussing with I-M-F officials the possibility of a review of the status of the program and changes to it. \u003cbr/\u003eBut any changes will not be announced or ratified until the end of February when an I-M-F team is scheduled to visit Bangkok.\u003cbr/\u003eWashington, DC, U-S - January 21, 1998\u003cbr/\u003e1. Walk in view of Albright with Thai Finance Minister Tarrin Nimmanahaeminda\u003cbr/\u003e2. SOUNDBITE: (English) Madeleine Albright, U-S Secretary of State\u003cbr/\u003e3. Two shot of Albright and Tarrin\u003cbr/\u003e4. SOUNDBITE: (English) Tarrin Nimmanahaeminda, Thai Finance Minister\u003cbr/\u003e5. Cutaway of audience\u003cbr/\u003e6. SOUNDBITE: (English) Tarrin Nimmanahaeminda, Thai Finance Minister\u003cbr/\u003e7. Walk out view of Albright with Thai Finance Minister\u003cbr/\u003e8. Thai delegation meeting World Bank officials\u003cbr/\u003e9. Photo opportunity (l-r) between Thai Deputy Minister Foreign Affairs - Sukhumbhand Paribatra, Thai Finance Minister - Tarrin Nimmanahaeminda, World Bank Managing Director - Sven Sandstrom, World Bank Acting Vice President East Asia - Katherine Marshall\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator 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