Thai bond plan seen as 'ambitious'

THAILAND - Thailand's plan to issue the equivalent of $18.5bn (£12.6bn) in baht bonds to pay for the central bank's massive losses from the 1997 crash are "very ambitious" and must be handled with care, said economists on Sunday.

But the scheme - bond issues staggered between now and 2006 - removes much of the uncertainty over how total liabilities estimated to equal more than $33bn will be absorbed.

There had been fears the government might chance the risk to monetary stability by printing mon