4. The strengthening of existing as well as new institutions to manage the
package of economic policies. The National Economic Development Board, the
Board of Investment and the Ministry of National Development were created at that
time. The role of the Bank of Thailand, the Fiscal Policy Office in the Ministry of Finance, the National Economic Development Board and the Budget Bureau were
greatly enhanced and these institutions were encouraged to coordinate with each other
and to be responsible for the economic management of the country.