The Governor of the Bank of Thailand indicated that short-term economic policy focuses on maintaining stability, while long-term structural changes are aimed at adapting to the new world order.

The Governor of the Bank of Thailand unveiled the economic policy strategy at the IMF meeting, focusing on short-term financial stability and long-term structural reforms to cope with global volatility.

June 11, 2569, at the Bank of Thailand. Mr. Vitai Ratanakorn, Governor of the Bank of Thailand In his opening remarks at the IMF Economic Review Conference “Power, Markets, and Strategy in a Changing Global Order,” he expressed his great pleasure in welcoming everyone to the IMF Economic Review Conference, which is jointly organized by the International Monetary Fund (IMF), the Puey Ungphakorn Economic Research Institute, and the Bank of Thailand.

The topic of this meeting. “Power, Markets, and Strategy in a Changing Global Order” This is very relevant to the current situation. Over the past several decades, trade liberalization, an interconnected global financial system, and regional cooperation have driven growth and created opportunities for Asia and the world. But today, these contexts are changing.

The global economy is facing structural changes and heightened uncertainty. Intensifying geopolitical tensions worldwide are blurring the lines between geopolitics and economics. Global conflicts impact international trade and investment, production, inflation, and ultimately, people's well-being. Therefore, as the context changes, policies must be adapted to address these challenges, both in the short and long term.

“In the short term, to cope with external fluctuations, macroeconomic policies must focus on maintaining the stability of the country's economy and financial system. The continued anchoring of inflation forecasts within the target range provides flexibility for many countries, including Thailand, in implementing policies. However, policymakers must remain cautious and closely monitor the situation.”

In the long term, structural changes are crucial to strengthening economic growth potential and enhancing the ability to cope with risks.

For developing countries in Asia and other regions. Trade liberalization and international economic cooperation remain critically important, especially in an increasingly uncertain world. It is at this point that policymakers need support from research, which helps present facts, test ideas, and understand the mechanisms within complex economic systems.

This meeting also marks another significant step for the Road to Thailand initiative leading up to the IMF-World Bank Group Annual Meetings 2026, to be held from October 12-18, 2026, in Bangkok. The global dynamics discussed today, including power, markets, and strategy, lay the foundation for Thailand's main theme: "Thailand's New Horizons: Empowering People, Building Resilience," which aims to spark global dialogue on building resilience and empowering individuals and businesses to adapt and continue to grow.

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