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Saturday, May 4, 2024

Thailand borrows 50 billion yen from Japan to cope with Covid aftermath

The Thai government has signed a loan contract to borrow 50 billion yen or about 13 billion baht (US$385 million) from Japan International Cooperation Agency or JICA to cope with costs of handling the Covid pandemic in Thailand. Thai PM and Defence Minister Prayut Chan-o-cha urged Thais not to criticise the government borrowing money again because the amount was included in the existing quota planned with the Japanese government a long time ago.

On May 1 to 2, Thai PM Prayut welcomed the Japanese PM Fumio Kishida to discuss cooperation on different topics like infrastructure, investment, startups and SMEs, humanitarian assistance to Ukraine and neighbours, and security cooperation against China’s growing influence in the Indo-Pacific region.

Aside from the topics on the table, Thai netizens focused on the new loan amount that the Thai government agreed with Japan. On May 3, the…

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