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Bangkok becomes stage for grassroots vs globalists, but will IMF-WB change its approach?
As Pita’s PM hopes fade, Pheu Thai in pole position to form next government
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As Pita’s PM hopes fade, Pheu Thai in pole position to form next government
23 Sept 05:33Key points summarised by AI
Pita Limjaroenrat's bid for Prime Minister faltered in the first parliamentary vote, failing to secure enough support (324 of 375 needed), particularly from senators, making his chances in the upcoming second vote appear slim.
Analysts predict a split within the current eight-party coalition, with Pheu Thai expected to eventually form the next government while Move Forward transitions to the opposition, citing fundamental ideological differences between the two parties.
Pita faces significant legal and procedural challenges, including a potential Constitutional Court injunction regarding his iTV shareholding and parliamentary debate over the legality of his renomination.
Coalition partners, including Pheu Thai, are pressuring Move Forward to make 'sacrifices' and allow Pheu Thai to lead government formation, emphasizing the urgent need to resolve the political deadlock for national stability.
Bangkok becomes stage for grassroots vs globalists, but will IMF-WB change its approach?
22 Oct 17:08Key points summarised by AI
Grassroots protests in Bangkok confronted IMF-World Bank meetings, spotlighting the enduring conflict between global financial interests and local communities harmed by development projects.
Farmers from Ubon Ratchathani, devastated by the World Bank-financed Pak Mun Dam for decades, demanded accountability for submerged lands and disrupted livelihoods, highlighting inadequate compensation.
Experts expressed skepticism that the protests would prompt significant policy shifts from global institutions, noting a tendency to view such impacts as domestic issues despite direct engagement with IMF officials.
The high-level meetings primarily focused on broader global economic challenges, including rising energy prices, high sovereign debt, geopolitical conflicts, and the dual impact of artificial intelligence.
Thailand, as host, showcased its economic integration into AI supply chains and introduced the "Bangkok Blueprint" to combat digital financial fraud, emphasizing responsible innovation and international cooperation.