Finance Minister Arkhom Termpittayapaisith has signed a loan agreement worth 50 billion yen (13.2 billion baht) with the Japan International Cooperation Agency to bolster the nation’s Covid-19 emergency response.
The agreement was signed at the Finance Ministry on Tuesday by Mr Arkhom and the chief representative of Jica’s Thailand office, Morita Takahiro.
According to the agreement, the loan is to be repaid within 15 years — plus a four-year grace period — with the interest set at 0.01%.
The loan is intended to boost Thailand’s public health capacity, help fund Covid-19 treatment and ease the economic pressure on citizens.
It was signed after Mr Arkhom exchanged diplomatic notes with Japan’s ambassador to Thailand on Monday.
The loan will boost relations between both countries and support the recovery of the economy, the source said.
Meanwhile, a Thai-Japanese…
