Thailand Defies Court Challenge to Push Through Crisis Borrowing

Thailand’s government is pressing ahead with plans for crisis borrowing as a court upheld a ban on parliament voting on new laws to boost economic recovery, raising questions over the country’s legal framework and political will. The Court of Constitutional Jurisprudence ruled last month that parliament cannot vote on legislation aimed at increasing the credit limit of state-owned banks, which would allow them to provide more loans. The ruling was a blow to Prime Minister Prayuth Chan-ocha’s government, which has been seeking to push through measures to support economic recovery from the pand…