$1.5 Billion ADB Loan to Support Thailand's COVID-19 Response

The Asian Development Bank (ADB) is providing a $1.5 billion loan to support the Government of Thailand’s response to the coronavirus disease (COVID-19) pandemic.

“ADB is committed to providing timely support to Thailand and helping reduce the pandemic’s social and economic impacts on the country,” said ADB President Masatsugu Asakawa. “Our budget support will help fund the government’s relief packages, which aim to better prepare the country’s health care system for possible future waves of COVID-19; protect the vulnerable; support small and medium-sized enterprises (SMEs) in industries most affected by the outbreak such as tourism and manufacturing; and provide overall economic stimulus.”

Funding agencies: Asian Development Bank (ADB)

Countries: Thailand

Published: 2020-08-05

Sectors: Health