Thailand plans $3 billion liquidity support fund amid coronavirus outbreak

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Thailand plans $3 billion liquidity support fund amid coronavirus outbreak
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Thailand on Sunday introduced measures, including a liquidity support fund worth...

General view of Central World mall after the government shut down all the shopping centers in the country due to the coronavirus disease outbreak, in Bangkok, Thailand March 22, 2020. REUTERS/Soe Zeya Tun

BANGKOK - Thailand on Sunday introduced measures, including a liquidity support fund worth 70 billion to 100 billion baht to reduce risk in the debt market amid the spread of the coronavirus outbreak. Thai financial institutions are still strong with high liquidity and authorities will ensure sufficient liquidity and the functioning of the debt market, Bank of Thailand Governor Veerathai Santiprabhob told a new conference.Reporting by Orahtai Sriring; Kitiphong Thaichareon, Satawasin Staporncharnchai; Editing by Sam Holmes

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