FTI chief tapped to oversee disaster fund
The government plans to issue bonds to finance the 50-billion-baht natural catastrophe insurance fund and appoint Phayungsak Chartsuthipol, head of the Federation of Thai Industries, as chairman to manage the fund.
Finance Minister Kittiratt Na-Ranong said the government has several options for raising funds, including issuing bonds for public subscription or borrowing from state banks.
He affirmed that the 50-billion-baht fund would be sufficient and have enough liquidity to guarantee any risk, thus there was no need to expand the fund's size.
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About the author
- Writer: Chatrudee Theparat
- Position: Business Reporter
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