Thailand receives $300-million ADB loan

Thailand receives $300-million ADB loan
Wichit Chaitrong

Thailand's finance ministry and Asian Development Bank today signed a US$300 million loan contract to finance the country's infrastructure projects.

The 15-year loan, signed between the country's deputy finance minister Pradit Phatraraprasit and ADB South East Asia Department director general Kunio Senga, will have a grace period of three years with floating interest rate.

Thailand is required to pay a loan fee of 0.15 per cent annually.

nationmultimedia.com

Should this not be merged with the thread on Victor Bout?