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Upon the completion of this review and consultation, the agency is required to transmit a copy of the inventory to Congress and make it available to the public on the Agency web site. Agency for International Development's (USAID's) contracts and grants go directly to American firms. Foreign assistance programs have helped create major markets for agricultural goods, created new markets for American industrial exports and meant hundreds of thousands of jobs for Americans. This system also includes a supplementary reference section, consisting of "how to" guides, forms, and other publications from other agencies that affect the Agency. Then please contact the Office of the Inspector General hotline and report the abuses.

Thailand-Economic Trends and Forecast for 1998 THAILAND-ECONOMIC TRENDS AND FORECAST FOR 1998 Economics Section, U. Embassy, Bangkok, Thailand Major Trends and Outlook After decades of virtually uninterrupted growth, Thailand plunged into a severe economic crisis that shook investor confidence and raised fundamental questions about the country's competitiveness. The devaluation of the baht in July 1997 exposed and exacerbated glaring flaws in the financial system, including massive unhedged, private-sector foreign debt that was not always productively invested. Beginning in August 1997, the IMF devised a rescue package that was designed to rebuild depleted foreign exchange reserves, restructure the financial sector, and improve transparency. The Chuan government's resolute adherence to the IMF program subsequently helped restore confidence, while differentiating Thailand from more troublesome events in Indonesia.

Thailand's prime minister has authority under current laws to invoke special legislative measures when there are urgent economic or security needs. Last week, Thanong Bidaya was appointed Finance Minister to replace the respected Amnuay Viravan who quit after differences with political rivals in the ruling six-party coalition. The country is going through its worst economic crisis in over a decade, with the embattled baht under speculative attack because of foreign perceptions it should be devalued. After the last attack in mid-May, the central bank imposed currency controls to cut off baht supply to foreign speculators from local sources. The Thai stock market is at eight year lows and exports have slowed sharply.

39 percent of its total revenue from state-owned enterprises and from government ownership of property, down from 7. As a result, its government intervention score is 0. On the basis of these reforms, the government plans to allow foreign investment in nearly all service and manufacturing sectors. Reforms that took effect in 1997 allow foreigners to own majority shares in banks, investment houses, and finance and insurance companies. Following the Asian financial crisis and in order to meet its WTO obligations, Thailand undertook a major liberalization of its financial sector.

read more at: http://www.census.gov/foreign-trade/sitc1/1999/c5490.html

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