Dr. Benjarong Suwankiri, Senior Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), jointly with Mr. Sittikorn Direksoonthorn, President of Thai Credit Guarantee Corporation (TCG), and executives from state-owned specialized financial institutions and commercial banks, totaling 16 institutions, signed a Memorandum of Understanding on cooperation under the “Portfolio Guarantee Scheme: Soft Loan Extra Phase” (PGS Soft Loan Extra) at an online meeting held on April 4, 2022 and witnessed by Miss Sakoon Lampasara, representative from the Fiscal Policy Office, and Mrs. Vireka Suntapuntu, Senior Director of Specialized Financial Institutions Supervision and Examination Department, the Bank of Thailand (BOT). The PGS Soft Loan Extra, involving total loan amount of 90,000 million baht from participating financial institutions, aims to assist SMEs who are existing debtors with outstanding loans pursuant to the Emergency Decree on the Provision of Financial Assistance for Entrepreneurs Affected by the COVID-19 Pandemic, B.E. 2563 (2020) (Soft Loan Emergency Decree), which would become due for repayment in 2 years, i.e. in 2022, to continue receiving financial supports from the financial institutions with TCG as the guarantor. This would help SMEs solve their debt default problems and enable them to carry on their businesses and retain employment of labor force amid the COVID-19 pandemic.