Nation Thailand
PDMO: Thailand eyes World Bank loan for low-carbon city project
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Thailand is preparing to borrow US$200 million from the World Bank this year to support a Low Carbon City project, as the government seeks to advance its clean-energy transition and urban carbon-management plans.
Key facts
- Jindarat Viriyathaveekul, director-general of the Public Debt Management Office (PDMO), said on Tuesday (May 26) that the World Bank would also serve as a key adviser on greenhouse gas reduction and carbon-credit management in urban areas.
- Jindarat said Thailand’s public debt currently stands at 12.7 trillion baht, equivalent to 66.4% of gross domestic product (GDP).
- The level remains below the legal public-debt ceiling of 70%, leaving fiscal space for the government’s planned borrowing.
- Thailand’s external debt currently accounts for only 0.74% of total public debt, she added.
- Based on Thailand’s benchmark interest rate, THOR, plus a spread, the overall interest rate is expected to be around 1.2%.
Summary
Jindarat Viriyathaveekul, director-general of the Public Debt Management Office (PDMO), said on Tuesday (May 26) that the World Bank would also serve as a key adviser on greenhouse gas reduction and carbon-credit management in urban areas.
The project is expected to act as a policy sandbox for Thailand’s future energy transition efforts.