Thai govt bank loan not enough to pay off rice programme debt


  • World
  • Sunday, 16 Feb 2014

By Panarat Thepgumpanat and Apornrath Phoonphongphiphat

BANGKOK (Reuters) - A loan given to the government bank operating a controversial and expensive rice programme could temporarily ease pressure on Thailand's prime minister, but it is a fraction of the sum needed to settle a 130 billion baht ($3.99 billion) debt owed to up to a million farmers.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

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.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Brazil floods death toll rises to 90, dozens still stranded
Ethiopia earns 835 mln USD from coffee export in 9 months
Trump seeks records about evidence handling in latest bid to delay documents case
UK and allies unmask and sanction Russian leader of LockBit cybercrime gang
'Tsar' Putin tells the West: Russia will talk only on equal terms
Colombia's illegal armed groups grew in 2023 -secret security report
Kevin Spacey overturns UK ruling in sex assault case over lawyers' mistake
Tesla Autopilot probe escalates with US regulator’s data demands
Russia, Ukraine trade allegations of chemical weapons use at global watchdog
Stormy Daniels testifies she 'blacked out' prior to sex with Trump

Others Also Read