Ekniti Engages with Credit Rating Agencies to Highlight Thailand’s Economic Fundamentals

Bangkok: Ekniti Nitithanpraphas, Deputy Prime Minister and Minister of Finance, engaged in discussions with three major credit rating agencies to emphasize Thailand's solid economic fundamentals and substantial foreign exchange reserves. The meetings took place during the 2026 Spring Meetings of the World Bank and the International Monetary Fund.

According to Thai News Agency, Ekniti met with executives from Fitch Ratings, S and P Global Ratings, and Moody's Investors Service. He outlined that Thailand's economy remains steady and can endure external economic fluctuations. Thailand's public debt is primarily domestic, accounting for over 99% of the total, making it susceptible to global financial volatility. However, the country boasts international reserves of over US$280 billion, nearly 2.5 times its short-term foreign debt. Additionally, a consistent current account surplus provides a vital buffer against global economic uncertainties.

Thailand's policy remains committed to a medium-term fiscal framework, with a focus on sustaining fiscal health while being resilient to external economic conditions. The strategy includes targeted fiscal measures to optimize government spending efficiency. Future fiscal policies will prioritize economic restructuring, emphasizing clean energy to reduce oil reliance, along with reforms aimed at promoting long-term growth through investments in future industries, the digital economy, and human capital development.