Bandid becomes parts of IIF's special committee

 Representing Thailand in the committee is Bandid Nijathaworn, a former deputy governor of the Bank of Thailand and currently chairman of Thai Bonds Market Association.
 In the IIF's release, the joint committee will be formed under the auspices of the Group of Trustees of the Principles for Stable Capital Flows and Fair Debt Restructuring.
 Senior officials from finance ministries, central banks and multilateral institutions, are joining with leaders of private finance to address core issues of sovereign debt management. “We need to learn the lessons of the Greek crisis and the broader Euro Area sovereign debt crises to contribute to important improvements in crisis management. The goal of the committee is to develop concrete proposals to enhance crisis prevention and resolution practices” said IIF Managing Director Charles Dallara.
 Each of the participants in the new committee has extensive experience in managing sovereign debt issues. The Co-Chairmen of the committee are: Jean Lemierre, Senior Advisor to the Chairman, BNP Paribas, who together with Dallara co-chaired the steering committee representing private creditors and investors to Greece; Ambassador David Mulford, Vice Chairman International, Credit Suisse Group, and Undersecretary of the US. Treasury at the time when the “Brady Plan” was formulated to resolve the Latin American debt crisis; Thomas Wieser, Chairman of the European Union’s Economic and Financial Committee, and President of the Eurogroup Working Group; Mr. Gerardo Rodríguez Regordosa, Undersecretary of Finance and Public Credit, Government of Mexico.
 IIF waws created in 1983 in response to the international debt crisis.