Thai government makes headway in battle against informal debts

The Thai government has reported progress in its ongoing battle against informal debts, stating that it has resolved the issues of 233 registered debtors. Prime Minister Srettha Thavisin personally observed the progress of a debt resolution model in Nan last Saturday.

Government spokesman Chai Wacharonke revealed that the Interior Ministry’s data indicates that 106,863 debtors have registered with the government to solve their informal debt problems. The combined informal debt value is reported to be 6.69 billion baht (US$ 193,324,743), spread across 77,525 informal loan lenders. The capital, Bangkok, had the highest number of registered debtors at 6,734, with their combined debt amounting to 566 million baht (US$ 16,356,024) and involving 5,749 lenders.

Conversely, Mae Hong Son had the lowest number of registered debtors, at 151. Their…