Bangkok, Thailand, July 12, 2021– Funding for new healthcare facilities in Thailand and for renewable energy projects in Indonesia are expected to flow from IFC’s $150 million financing for a sustainable loan to RH International (Singapore) Corporation Pte Ltd (RHIS), a wholly owned subsidiary of Bangkok- based RATCH Group Public Company Limited.
The commitment marks IFC’s first sustainable loan in Asia, and the first sustainable loan for an infrastructure company in Thailand, with proceeds expected to fund the company’s eligible green and social projects, including financing for hydropower in Indonesia.
With Thailand now battling a third wave of COVID-19, part of the funding from the sustainable loan will be used for building new hospitals in frontier regions outside Bangkok, through the RATCH Group’s equity…
