The Thailand AMC approach is intresting, but I wonder if debt relief alone can fix the underlying issue. If houseolds are still borrowing for consumption rather than productive investments, won't the problem just cycle back? The 88.2% debt to GDP ratio is alarming. Maybe the focus should be on income growth and financial literacy alongside debt restructuring.
What if lasting inclusion remain an unfulfilled promise?
The Thailand AMC approach is intresting, but I wonder if debt relief alone can fix the underlying issue. If houseolds are still borrowing for consumption rather than productive investments, won't the problem just cycle back? The 88.2% debt to GDP ratio is alarming. Maybe the focus should be on income growth and financial literacy alongside debt restructuring.