Cabinet agrees to get US$2 billion foreign loans
In an effort to boost the economy continuously, the Cabinet agreed to borrow two billion US dollars from three foreign sources to support its economic stimulus plan.
According to the conclusion from the Cabinet meeting chaired by Prime Minister Abhisit Vejjajiva today (March 10), the endorsement to get the loans would be forwarded to the House of the Representatives soon in a bid to seek an endorsement.
The loan amounting to one billion US dollars will be from the World Bank; while the rests will be sought from the Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA). In a separate development, the Cabinet also agreed to resort to a loan to finance the purple-line subway electric rail construction project, stretching from Bang Yai to Ratchaburana and Bang Yai to Bang Sue.
National News Bureau of Thailand
10 March 2009
Tuesday, March 10, 2009
Cabinet agrees to get US$2 billion foreign loans
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