ADB Lends Thailand USD300M For Capital Market Development

The Asian Development Bank and Thailand signed Feb. 14 a USD300 million loan that aims to boost investment and support long-term growth in the country.

“This loan is part of a series of sustained ADB assistance starting back in 2006 to support the Royal Government’s agenda to deepen and diversify Thailand’s capital market, which is critical to support increased domestic financing of investment and to sustain higher longer term economic growth,” said Kunio Senga, director general of ADB’s Southeast Asia Department.

Senga and Thai Deputy Prime Minister Pradit Phataraprasit signed the loan agreement. The funds will back the completion of ADB’s Capital Market Development Program, which was approved in September 2010, according to an ADB news release.

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    Louie-An Pilapil

    Louie-An is a former senior development analyst at Devex Manila. She has held consulting and editorial positions at the Asian Development Bank in Manila and a business-to-business media company in Hong Kong and mainland China.