Rice bonds don't fit pension fund's investment parameters | Bangkok Post: news

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GPF scorns rice-bonds purchase

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The Government Pension Fund (GPF) reaffirmed on Monday that it has no plans to buy bonds offered by the Finance Ministry to raise funds to pay struggling farmers who have yet to receive payment for grain they delivered months ago to mills under the government's bankrupt rice pledging scheme. 

GPF secretary-general Sombat Narawuthicha said the organisation has not even been invited to participate by by the caretaker government and has no plans to do so. 

It was earlier reported that the Finance Ministry hoped to sell bonds to the GPF, the Social Security Office and the Government Lottery Office to help raise the 130 billion baht needed to  meet payments to farmers registered under the Pheu Thai-led rice pledging scheme. 

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