The Finance Ministry called off yesterday's bridging loan auction aimed at borrowing to repay unpaid rice farmers as only a few banks participated in the bidding, adding to caretaker Prime Minister Yingluck Shinawatra's woes.
Farmers in lower northern provinces rallied last week to demand rice-pledging payments from the government. THITI WANNAMONTHA
Growing opposition against the caretaker government's 130-billion-baht borrowing plan and worries as to whether caretakers have a mandate to borrow have discouraged banks from joining in the auction, said an unnamed source at the Finance Ministry.
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