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Bangkok Post
Bangkok Post
Business

UNBELIEVABLE: Fpo requests debt restructuring - Caught on Camera

FPO Pornchai Thiraveja Fiscal Policy the Bank of Thailand
The Fiscal Policy Office is calling on state financial institutions and commercial banks to implement debt restructuring measures to reduce the repayment burden rather than extending the debt tenor. (Photo: Tawatchai Kemgumnerd)

The Fiscal Policy Office (FPO) is calling on state financial institutions and commercial banks to implement debt restructuring measures to reduce the debt repayment burden rather than extending the repayment period, says director-general Pornchai Thiraveja.

Regarding sustainable debt assistance measures by commercial banks and specialised financial institutions, the FPO is encouraging them to improve debt restructuring by reducing debtors' repayment burden rather than solely extending the repayment period in order to reflect debt repayment capability and debtors' obligations throughout the contract.

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