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PM Anutin Leads Economic Ministers in Talks with Thai Bankers’ Association on Debt and Growth Strategies

He underscored the Government’s priority to tackle debt challenges — including household debt, SME debt, and public debt.

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2 months ago

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Bangkok: Prime Minister and Interior Minister Anutin Charnvirakul, accompanied by key economic ministers, met with the Thai Bankers’ Association to discuss solutions and strategies under the theme “Overcoming Crisis, Transforming the Future of Thailand’s Economy with New Dynamics.”

The high-level meeting was joined by Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas, Deputy Finance Minister Vorapak Tanyawong, Commerce Minister Suphajee Suthumpun, and Energy Minister Auttapol Rerkpiboon.

Prime Minister Anutin underscored the Government’s priority to tackle debt challenges — including household debt, SME debt, and public debt. He urged the banking sector to relax financial conditions, enhance liquidity, and support entrepreneurs so businesses can sustain operations. He stressed that Thailand must reclaim its position as a leader in ASEAN’s banking system while remaining competitive in a rapidly evolving global market.

Highlighting the Government’s broader economic vision, Anutin said growth would be driven across multiple sectors, including tourism, healthcare and wellness, agriculture and agro-processing, as well as investments in the automotive and high-tech industries. He affirmed that proposals arising from the discussions would be translated into immediate policy action.

Finance Minister Ekniti Nitithanprapas, head of the economic team, emphasized the need for swift and sustainable recovery. He outlined three priorities: resolving household debt, increasing liquidity for entrepreneurs, and preparing the economy for global competition. Introducing the concept of “Quick Big Wins,” he explained that short-term impactful measures would serve as a foundation for long-term sustainable development.

Payong Srivanich, Chairman of the Thai Bankers’ Association, echoed the Government’s call for urgency, noting that economic progress requires “connecting the dots” across financial mechanisms — from the banking sector to capital and foreign exchange markets. He pledged full cooperation with the Government in addressing household and economic debt.

The Government is also preparing revisions to its economic policy proposal for parliament, welcoming input from the Thai Bankers’ Association, the Federation of Thai Industries, the Thai Chamber of Commerce, and the general public to ensure the measures address the nation’s real needs.

 

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