Thai rice farmers paid $2.9 bln of arrears, state bank says


  • World
  • Tuesday, 17 Jun 2014

BANGKOK (Reuters) - Thailand's military government has paid rice farmers all the arrears of 92.4 billion baht ($2.86 billion) owed under a controversial state purchase scheme, a senior official of the bank that funded the programme said on Tuesday.

The move ended the government's biggest expenditure on the costly scheme, following a vow by the junta government to halt it for now. Farmers had been waiting for their money since last October.

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