Thailand’s Efforts:
The IMF acknowledges that the Thai government has taken significant steps to address household debt, including offering loan repayment assistance, introducing debt restructuring schemes, improving regulatory frameworks, and promoting financial literacy.
A key initiative is the “You Fight, We Help” project, launched in December 2024, which enables individuals and small businesses to reduce monthly outgoings, suspend or waive interest payments, and restructure their loans.
The Bank of Thailand (BOT) also introduced new guidelines in January 2024 to ensure responsible lending practices, bolstering consumer protection and facilitating the restructuring…
