Thailand to borrow US$1.5 billion from ADB to cope with Covid-19 impact


BANGKOK (The Nation/ANN): The Finance Ministry signed an agreement with the Asian Development Bank (ADB) on Monday (Nov 16) to secure a loan of US$1.5 billion to help combat the impact of Covid-19.

Finance Minister Arkhom Termpittayapaisith said after signing the deal with Hideaki Iwasaki, ADB country director for Thailand, that the loan was part of the country's Bt1-trillion emergency borrowing to combat the impact of the pandemic.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Thailand , ADB , loan , covid-19

   

Next In Aseanplus News

'No one will win a trade war,' China says after Trump tariff threat
Public in Philippines warned against ‘Labubu’ tumblers with toxic lead
Landmark in Vientiane illuminates in orange to say NO to violence against women and girls
Deadly healthcare lapse claims three lives in India's Chhattisgarh
Pakistan Army told to ‘shoot on sight’ as protests turn deadly
Meta, TikTok, Google slam Australia’s under-16 social media ban
Kim Swee officially joins Indonesian club Persis as new coach
Azmin appointed Bersatu sec-gen
Vietnam's efforts to eliminate violence against women
Indonesia province resumes search for 7 missing after landslide and floods kill 15

Others Also Read