Thailand's junta to lend farmers $345 million to battle loan sharks


  • World
  • Tuesday, 26 Aug 2014

BANGKOK (Reuters) - Thailand's military government will lend farmers and their children a combined 11 billion baht ($345 million) (208.07 million British pound) in an effort to fight off loan sharks as high levels of household debt drag on economic recovery, a state bank said on Tuesday.

The plan is part of the junta's measures to revive Southeast Asia's second-largest economy, which was hurt by months of political unrest. The army took power on May 22.

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