Dr. Akaniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, met with three global credit rating agencies, emphasizing Thailand's strong economy and international reserves exceeding $280 billion, while advancing a medium-term fiscal framework focused on clean energy and digital economy investments for long-term growth.
Dr. Akaniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, held discussions with executives from three credit rating agencies: Fitch Ratings, S&P Global Ratings, and Moody’s Investors Service during the 2026 Spring Meetings of the World Bank and International Monetary Fund in Washington D.C., USA, last week.
At the meeting, Deputy Prime Minister Akaniti emphasized to the three agencies that Thailand’s economy remains broadly stable and can withstand external volatility. Nearly 99% of public debt is domestic, posing very low risk from global financial fluctuations. Furthermore, Thailand’s international reserves exceed $280 billion, nearly 2.5 times its short-term foreign debt, and the country maintains a continuous current account surplus, serving as a key buffer against global economic uncertainties.
Regarding policy, Thailand continues to adhere to a Medium-Term Fiscal Framework aimed at fiscal sustainability while maintaining flexibility to absorb external shocks. The key approach involves using targeted fiscal measures to enhance public spending efficiency. Future fiscal policies will focus on supporting economic restructuring towards clean energy to reduce oil dependence (Transition), as well as thereformand transformation of the economy forlong-term growth (Transform).This includes prioritizing investment in future industries, the digital economy, and human capital development.
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