BANGKOK, Nov. 16 (Xinhua) -- Thailand's Ministry of Finance and the Asian Development Bank (ADB) inked an agreement on Monday for Thailand to secure a loan of 1.5 billion U.S. dollars to salvage an economy badly hit by the COVID-19 pandemic.
"The 1.5 billion U.S. dollars loan was part of Thailand's 1 trillion baht (33 billion U.S. dollars) emergency borrowing scheme to combat the impact of the pandemic," said Finance Minister Arkhom Termpittayapaisith, after he signed the loan deal with Hideaki Iwasaki, ADB country director for Thailand.
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