Thai PM vows to tackle informal debt to revive economy

FILE PHOTO: Srettha Thavisin, Prime Minister of Thailand, speaks at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S., November 15, 2023. REUTERS/Carlos Barria/File Photo

BANGKOK (Reuters) - Thailand will prioritise tackling informal debt to revive the economy, Prime Minister Srettha Thavisin said on Tuesday.

"Informal debt is like modern-day slavery that destroys dreams ... and a chronic problem," he told a press conference, adding the government would coordinate with police to prevent unregulated lending.