The Bank for Agriculture and Agricultural Cooperatives (BAAC) may have to turn to its fellow state bank, the Government Savings Bank (GSB), to raise funds to finance the rice pledging scheme.
Customers use services at the Government Savings Bank’s CentralWorld branch. The government may borrow money from the bank to finance its costly rice pledging scheme. PATIPAT JANTHONG
Finance Ministry sources said risk premiums charged in the interbank market for the BAAC have risen as a result of concerns about the stability of the rice pledging programme and worries by lenders about the liquidity status of the state bank.
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