Monday 11 October 2010

AMRO, a Thai Head?

Bandid Nijathaworn, the Bank of Thailand's (Central Bank) deputy governor for monetary stability, will resign in order to position himself for a bid as the head of AMRO - the CMIM's secretariat. Being as Thailand initially championed the idea (Chiang Mai Initiatives says it all) but was denied the secretariat due to (continuing) internal civil unrest, it is conceivable that Thailand could win the post of Governor (or whatever) of AMRO as fair dues.

That said, without Thailand firmly behind Bandid (unsure how much time PM Abhisit Vejjajiva has to push his country-man forward) and not being a greater contributor to the fund than other tier 1 ASEAN members, his chances are little more 50:50. Expect to see other challengers come forward.

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