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Thailand approves emergency 400 billion baht loans to tackle energy crisis
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BANGKOK — 5 May 2026, Thai cabinet has approved an emergency decree authorising the Finance Ministry to borrow 400 billion baht funds to address the impact of the global energy crisis, Prime Minister Anutin Charnvirakul said on Tuesday.
Key facts
- He said the 400 billion baht loan decree would serve as a special legal mechanism for urgent and unavoidable circumstances, aimed at easing the burden on households, sustaining economic activity and accelerating the country’s energy
- Speaking at Government House, Anutin said the decision followed escalating conflict in the Middle East, which has driven up energy prices and severely affected the global economy
- The crisis has spread from energy costs to food prices and the cost of living, creating an urgent situation that cannot be delayed, he said.
- The government’s duty is to prevent Thailand’s economy from slipping into high inflation and a slowdown, or stagflation,”
Summary
Speaking at Government House, Anutin said the decision followed escalating conflict in the Middle East, which has driven up energy prices and severely affected the global economy. The crisis has spread from energy costs to food prices and the cost of living, creating an urgent situation that cannot be delayed, he said.
“The government’s duty is to prevent Thailand’s economy from slipping into high inflation and a slowdown, or stagflation,” Anutin said, adding that swift action was required.