Economics

Thailand Unveils $16 Billion Borrowing to Fund Covid Relief

King endorses fresh debt plan to be completed by Sept. 2022
Borrowing less than previously planned due to surplus funds

A pedestrian passes a food vendor at a deserted Khaosan Road in Bangkok, Thailand.Photographer: Andre Malerba/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Prim Chuwiruch and Randy Thanthong-Knight

May 25, 2021 at 8:26 AM UTC

Updated on

May 25, 2021 at 10:02 AM UTC

This article is for subscribers only.

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Thailand’s King Maha Vajiralongkorn endorsed a $16 billion borrowing plan to shield Southeast Asia’s second-largest economy from the impact of a raging coronavirus outbreak that’s threatening a nascent recovery and plans to reopen borders to tourists.