Bank of Thailand Chairman Criticizes Slow Reforms, Ineffective SME Lending Measures
Bank of Thailand Chairman Dr. Somchai Sajjapongse has voiced concerns over the slow pace of legal reforms, the ineffectiveness of measures to boost lending to Small and Medium-sized Enterprises (SMEs), and the efficacy of efforts to curb illicit financial flows. The prolonged contraction in SME lending, a unique situation in ASEAN, raises questions about the central bank's capacity to address the issue.
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