Bank of Thailand calls for additional $30 billion borrowing

Sethaput Suthiwartnarueput speaks via video link at the IMF meetings
Sethaput Suthiwartnarueput speaks via video link at the IMF Spring Meetings
Photo: IMF/Cory Hancock

The Bank of Thailand (BoT) has urged the government to borrow another 1 trillion baht ($30 billion), or 7% of the country’s GDP, to boost growth as the economy grapples with a resurgence of Covid-19.  

Despite the large amounts, the bill will be “manageable”, said governor Sethaput Suthiwartnarueput in a press briefing, the Bangkok Post reported on August 16.

Low borrowing costs, healthy budgetary surplus and ample liquidity in the market justified the proposed debt, the governor said.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: