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ovt intent on solving informal debt problem
By k on April 4, 2010
BANGKOK, 4 April 2010 (NNT) – Prime Minister Abhisit Vejjajiva has instructed the Ministry of Finance to move forward with the second phase of the informal debt refinancing scheme in order to solve economic and social problems of low income earners and farmers.
Speaking in his weekly television program “Confidence in Thailand with Prime Minister Abhisit”, the Prime Minister said the first phase of the informal debt refinancing scheme met with satisfaction as a large portion of informal debts had been transferred to the banking system.
Prime Minister Abhisit added that the Ministry of Finance hence will continue with the second phase of the scheme as a lot of people still have no access to the debt restructuring service.
The Prime Minister also announced that the cabinet on 7 April 2010 will consider the debt restructuring scheme for more than 500,000 farmers who are members of the Farmers’ Rehabilitation and Development Fund and the Bank for Agriculture and Agricultural Cooperatives.
Prime Minister Abhisit continued to narrate that the Thai economy in the past two months was improving well. However, he admitted that the mass rally could affect the economy in March, but the government would closely monitor the situation.
Related posts:
- Informal debt refinancing applicants tops 125,000 BANGKOK, 12 December 2009 (NNT) – More than 125,000 people...
- Banks not interested in solving informal debt BANGKOK, 19 March 2010 (NNT) – The Bank of Thailand...
- Govt confident to solve informal debt problems BANGKOK, 22 November 2009 (NNT) – Prime Minister Abhisit Vejjajiva...
- Over 200,000 participants join in informal debt refinancing scheme BANGKOK, 13 December 2009 (NNT) – More than 200,000 debtors...
- BAAC to set up community banks to lessen farmers´ informal debts BANGKOK, 28 April 2009 (NNT) – The Bank for Agriculture...
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