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.