Thailand seeks $1.5 billion from banks to pay rice farmers


  • World
  • Monday, 26 May 2014

BANGKOK (Reuters) - Thailand's finance ministry said on Monday it planned to borrow 50 billion baht ($1.53 billion) early next month to make payments to rice farmers who have been waiting for months for money owed under a controversial state buying scheme.

The ministry will invite 32 financial institutions to bid for the loan, it said in a statement.

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