Prime Minister Srettha Thavisin has declared dealing with informal debt and the problems it creates a national priority, likening the situation to a form of modern-day slavery.
Many people are in a cycle of formal or informal debt, with the interest rate for the latter often exceeding the legal limit of 15%.
The government estimates there is 50 billion baht worth of informal debt, with Mr Srettha noting this is a conservative estimate.
“The government, in collaboration with administrative organisations and the police, will…
