Thailand plans regional infrastructure fund

Thailand plans to take the lead in creating a regional fund with its neighbours, including Cambodia, Laos, Myanmar and Vietnam, to back infrastructure and other development projects.

Arthayudh Srisamoot, deputy permanent secretary of Thailand’s Ministry of Foreign Affairs, said Thai Prime Minister Prayuth Chan-ocha is expected to propose the idea to the leaders of the five countries at the 8th summit of the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) in Thailand on June 16.

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