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.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Thailand , ADB , loan , covid-19

Next In Aseanplus News

Google denies involvement in US$125mil Chromebook graft case in Indonesia
Express bus driver seen in viral video admits he was on drugs, say cops
Adobe launches AI suite for corporate clients as competition heats up
Battle-scarred developing nations look for a path out of permacrisis
UK pharmacist fights Indian extradition for allegedly killing his ex-mother-in-law with arsenic
Asean News Headlines at 10pm on Monday (April 20, 2026)
NGO demands accountability after 'river of mud' hits Cameron Highlands
Philippine forces kill at least 10 Maoist rebels in raids, confirms army
Villagers evacuated after bomb from Myanmar air raid lands in Thai border province
India's gold-buying festival sees tepid demand on price surge

Others Also Read