Thai gets $600m from ADB

Wed, 10 Feb 1999 | Source: AP

BANGKOK (AP): Thailand has signed an initial agreement with the Asian Development Bank for a US$600 million loan to help the country's ailing agricultural sector, an ADB senior official said Tuesday.

The loan is an expanded version of an earlier ADB loan commitment worth $250 million to boost the agricultural sector's export competitiveness and long term growth prospects, the official said.

Thailand is the world's largest rice and rubber exporter and among the leaders in sugar and some other commodities.

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