Japan is ready to provide up to $4 billion in untied loans to Thailand through the Export-Import Bank to help the country climb out of its economic crisis, Finance Ministry Hiroshi Mitsuzuka said Aug. 11.
Mitsuzuka said he conveyed Tokyo's intention to Thai Finance Minister Thanong Bidaya. He and his Thai counterpart met during the noon intermission of an International Monetary Fund-led meeting of Japan and other donors to work out details for an economic rescue plan for Thailand.
The total amount of funding to be promised by Thailand's creditors at the conference is expected to be between $15 billion and $20 billion, according to informed sources.