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Wednesday, May 15, 2024

NESDC and World Bank on Poverty in Thailand

Photo courtesy of The Nation via Asia News Network

In a groundbreaking summit titled Bridging the Gap: Thailand’s Path to Inclusive Prosperity, the National Economic and Social Development Council (NESDC), in collaboration with the World Bank, has unravelled an alarming reality about poverty persisting in certain provinces despite an overall reduction in inequality.

According to the latest assessment of Thailand’s situation last year, the nation has witnessed a commendable improvement in the fight against poverty. The poverty rate, which stood at 6.32% in 2021, has dropped to 5.43%. However, challenges loom large in specific regions, notably the South, the Northeast, and the North, in that sequential order.

Disturbingly, while poverty has generally diminished across the country compared to 2021, Bangkok and the North have experienced slight increases, possibly attributed to…

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