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ECONOMY

Korn: New Govt embraces economic proposals of all



Democrat Party will proceed with several economic policies proposed by the previous government, including the spending of the Bt100 expansionary deficit as well as the development of rural areas and increased accessibility to funding among grass-roots people, said Korn Chatikavanij, Democrat Party's deputy leader.

 Korn, a candidate to become the finance minister in the Democrat-led government, said that he has discussed with outgoing finance minister Suchart Thadathamrongvej and would meet him again after the transition.

 "The public can rest assured that we will do what benefits all. We won't be discriminatory," he said.

 He said that funding accessibility is crucial as operators suffer from liquidity amid lowering orders. The other main economic policy would involve the decline of agricultural products prices.

 On Tuesday, World Bank's representatives sought a meeting with Korn, to discuss the financial assistance to several projects in Thailand as well as the bank's readiness in additional funding in stimulating the economy. Korn said he asked the World Bank to proposed concepts on how to provide finances to grass-roots people. 

 He noted that the World Bank realises Thailand's financial strength but worries on the economic expansion due to problems in the export sector and slowing domestic consumption.



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