It is now just about 2 years since Thailand floated the Baht on 2 July 1997, and
asked for assistance from the IMF. Even though it would be rash to conclude that the end of
the crisis is now in sight, events over the past 2 years have provided sufficient facts for a
preliminary evaluation of the economic recovery package put together by the Thai
government and the IMF. This paper provides a brief discussion of the adjustment to the
crisis in Thailand and the key measures followed as part of the IMF program. The paper also
evaluates the overall strategy of the IMF program and gives some suggestions.