In the last season, the Exim Bank and commercial banks had put together Bt25 billion as packing credits to the sugar industry, with the eximbank contributing Bt2.6 billion.
32.
In the last season, the Exim Bank and commercial banks had put together Bt25 billion as packing credits to the sugar industry, with the eximbank contributing Bt2 . 6 billion.
33.
Commerce Minister Supachai Panitchpakdi earlier said he intended asking the central bank to increase its contribution ratio in the packing credit facility to 80 : 20 or 70 : 30.
34.
Since Jan 20, the government has ordered the Ex-Im Bank under the packing credit scheme to contribute 60 per cent of export credits while commercial banks will contribute the remainder.
35.
In early March, a source in the central bank said that the BOT will provide an additional sum of Bt5 billion to the Ex-Im Bank as part of the packing credit scheme.
36.
The government agreed to allocate about Bt40 billion in packing credit with subsidised interest rates through the Exim Bank and commercial banks, but a number of exporters complained they have had difficulty accessing the money.
37.
Under the first programme, the Exim bank borrowed US $ 500 million directly from 12 international banks without government guarantee and lent it through commercial banks as special packing credit without contributions from domestic banks.
38.
Sugar mills are usually bring in their letter of credits from forward sugar sales contracts for making the packing credits in Nov enabling them to have cash paying to cane growers for the cane inputs.
39.
THE Bank of Thailand has provided an additional Bt5 billion in packing credit via commercial banks to exporters, bringing the total amount of this facility to Bt33 billion to boost liquidity for the export sector.
40.
Moreover, the bank can still provide financial assistance to exporters in the form of packing credits and the purchases of export letters of credit in accordance with BOT policy on supporting exporters, according to BMB.
