Thai PBS Thai PBS
PM signs Bt400bn loan decree, vows zero graft

PM signs Bt400bn loan decree, vows zero graft

13 Sept 22:30 Key points summarised by AI
  • Prime Minister Anutin Charnvirakul signed an emergency decree authorizing a 400 billion baht loan to address energy crises and fund Thailand's energy transition.
  • Anutin vowed absolute transparency, promising zero corruption and establishing a screening committee to vet all proposed projects for strict alignment with the decree's objectives.
  • He asserted the loan's financial soundness, highlighting it's in Thai Baht with low interest rates, eliminating exchange-rate risks and not requiring an increase in the public debt ceiling.
  • The funds are designated for immediate relief, directly benefiting citizens by lowering the cost of living and improving their quality of life, rather than long-term infrastructure projects.
Read full article
Economy 1/1
Skip > Skip >