Thailand plans to sell bonds to finance stimulus packages
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, Thailand’s Ministry of Finance announced plans to sell $2 billion savings bonds next month to finance stimulus packages to cushion the impacts of COVID-19 on the economy. The government rolled out a new relief package worth 210 billion baht ($7 billion) just last week.
The decision came as a part of Thailand’s 1 trillion baht ($33 billion) emergency borrowing budget for dealing with the pandemic, as well as maintaining the economic and social recovery.
Thai economy has been severely impacted by the pandemic and is estimated to contract by around 6.5% in 2020, according to the World Bank.
The decision came as a part of Thailand’s 1 trillion baht ($33 billion) emergency borrowing budget for dealing with the pandemic, as well as maintaining the economic and social recovery.
Thai economy has been severely impacted by the pandemic and is estimated to contract by around 6.5% in 2020, according to the World Bank.
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