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Monday, April 29, 2024

Leaders approve of farmer debt suspension

Farmers harvest rice in their fields in Phimai district, Nakhon Ratchasima on July 17. The new government’s tentative policy of debt suspension for farmers should help to mitigate the debt burden of borrowers, say business leaders. (Photo: Prasit Tangprasert)

The new government’s tentative policy of debt suspension for farmers should help to mitigate the debt burden of borrowers, provided it is targeted at the vulnerable segment, say business leaders.

While Thailand’s economy is slowly rebounding from the pandemic setback, some fragile borrowers are still in need of debt relief measures from financial institutions,…

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