Bangkok: The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has indicated that foreign investors continue to show confidence in the Thai economy. They support the government's use of "targeted policy" to enhance fiscal efficiency and are advocating for accelerated investment in emerging economic sectors.
According to Thai News Agency, Moody's has upgraded Thailand's credit outlook to "stable" while maintaining its credit rating at Baa1. This decision reflects international confidence in Thailand's economic management, which emphasizes "purposeful and efficient use of funds" to drive economic growth. The Joint Committee of the Three Private Sector Institutions (JCC) disclosed that this upgrade followed discussions with Deputy Prime Minister and Minister of Finance, Dr. Ekniti Nitithanprapas, at the IMF-World Bank Spring Meetings 2026, showcasing Thailand's commitment to maintaining economic stability through objective and efficient spending.
Despite the positive outlook, fiscal risks remain significant due to geopolitical and geoeconomic uncertainties and the rapid aging of the population, which could increase budgetary burdens and pressure future government revenues. The JSCCIB agrees with government policies focused on 'maximum efficiency' through targeted measures that address both short-term and long-term needs, rather than wide-ranging subsidies. The government's plan aims to reform and transition to new economies, including green and digital economies, to mitigate future energy crises, build resilience, enhance skills, and attract global investment.
The Thai private sector is prepared to support these government initiatives to tackle the impacts of volatile global situations. This involves creating new growth engines and enhancing the competitiveness of Thai businesses under the "Reinvent Thailand" framework, which aims to upgrade the Thai economic structure through connecting policies, investments, and information to foster inclusive, high-quality growth and prepare for a sustainable future.