The Aporia
France-Presse, A. (2026, October 17). ‘Thai people already poor’: developing nations protest IMF’s austerity call. South China Morning Post. https://www.scmp.com/news/asia/southeast-asia/article/3371223/thai-people-already-poor-developing-nations-protest-imfs-austerity-call?utm_source=rss_feed
France-Presse, Agence. “‘Thai people already poor’: developing nations protest IMF’s austerity call.” South China Morning Post, 17 Oct. 2026, https://www.scmp.com/news/asia/southeast-asia/article/3371223/thai-people-already-poor-developing-nations-protest-imfs-austerity-call?utm_source=rss_feed.
France-Presse, Agence. “‘Thai people already poor’: developing nations protest IMF’s austerity call.” South China Morning Post, October 17, 2026. https://www.scmp.com/news/asia/southeast-asia/article/3371223/thai-people-already-poor-developing-nations-protest-imfs-austerity-call?utm_source=rss_feed.
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On October 17, 2026, protesters in Bangkok demonstrated against the International Monetary Fund's (IMF) call for austerity measures in developing nations like Thailand. The IMF argues that after years of economic crises including the pandemic and wars in Ukraine and the Middle East, countries need to reduce their high debt levels by cutting subsidies and social spending. However, critics argue that the IMF should instead focus on climate financing and implementing tax reforms rather than advocating for such austerity measures. They contend that Thai people are already poor and cannot afford further reductions in government support. Rights groups and analysts also dispute the IMF's approach, asserting it is not the right solution for addressing current economic challenges.
The message from the IMF has been clear: after years of economic crises starting with the pandemic and continuing through the wars in Ukraine and the Middle East, worldwide debt is too high and governments need to cut spending.
For the hundreds at the protest in Bangkok, as well as for rights groups and analysts, that message is the wrong one.