The Cabinet on Tuesday (August 4) approved the Finance Ministry’s proposal to borrow US$1.5 billion (Bt48 billion) from the Asian Development Bank. The loan will be used to finance Covid-19 recovery projects, said Rachada Dhnadirek, deputy government spokeswoman.

THAILAND has gained a US$99.4 million loan from the Asian Development Bank (ADB) to help upgrade some of the country’s highways and improve road safety in the Northeast.