Posted 12/12/2023, 11:37:00 AM
Thailand Unveils Debt Relief Plan to Aid Over 10 Million Struggling Borrowers
- PM Srettha Thavisin announces debt relief measures for 10.3 million people with debt problems
- Measures aim to help reduce Thailand's household debt totaling 16 trillion baht (90% of GDP)
- Debtors divided into 4 groups based on cause of debt problems
- Relief includes lower interest rates, debt suspension, consolidation, appropriate repayment levels
- Additional future measures planned to improve financial management skills and credit risk assessments