Thailand’s government has greenlit a significant debt moratorium plan to aid millions of farmers in debt, totaling around 283 bln baht. Authorities will cover interest costs on loans for about 2.7 mln qualifying farmers, costing the government roughly 30 bln baht. Over 90% of Thai farmers are indebted, with an average debt of 450,000 baht per household. The government has also endorsed a committee to detail the debt relief plan and approved a one-year debt suspension for SMEs affected by COVID-19.