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Article

29 Mar 2020

Author:
Penchan Charoensuthipan, Bangkok Post

Thailand: Debt moratorium on principal & interest called to relieve informal workers affected by anti-COVID-19 measures

"Labour rights advocates call for debt relief", 30 March 2020

Labour rights advocates have called for a debt moratorium at financial institutions as another state measure to relieve the economic impact on informal workers caused by anti-Covid-19 measures.

[...]

The Federation of Informal Workers (Thailand), or Fit, has asked the government to consider its proposal as workers, including self-employed individuals and those left employed due to shops closing, have no money to pay their debts.

"There should be no principal, interest or fee payments for up to 12 months," Fit chairwoman Suchin Sungsawang said.

[...]

"Though the workers may be allowed to pay only the interest, the question is where can they can find the money to do so?" she said.

Many street food sellers and taxi drivers, categorised as informal workers, told the Bangkok Post they have no idea how to pay their debts when people continue to stay home.

[...]