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Headline: Asia: A healthy dose of self criticism Source: Euromoney Date: June 2000 Author: Gill Baker The Asian Development Bank’s May governors meeting included sessions where bankers spoke candidly about the problems faced by the region’s financial sector. In what became something of an exercise in self-flagellation, Asia’s leading bankers gathered in the northern Thai city of Chiang Mai last month to thrash out what had gone wrong in the past three years. As the 1,000-odd bankers and delegates debated, gossiped, wheeled and dealed in the air-conditioned comfort of the Westin Riverside Plaza Hotel in Thailand’s second city, a similar number of local “indigenous people”, as one seminar would have it, protested peacefully outside, baffling delegates with banners written in Thai. |
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