Regions and Countries

	Table of Contents
p. 23 of 23 BACK | NEXT I. Country Performance Assessment II. Country Operational Strategy III. Sector Strategies IV. Regional Cooperation V. Donor Activities and Aid Coordination VI. Cofinancing and Catalyzing External Resources VII. ADB’s Operational Program VIII. Economic and Sector Work Program IX. Local Cost Financing

Country Assistance Plans - Thailand

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IX. Local Cost Financing

135. Based on the available data on cumulative counterpart funds provision as of 31 October 1999, ongoing projects in Thailand do not appear to have faced serious shortages of counterpart funds. The MOF has secured sufficient counterpart funds to support the overwhelming majority of ADB loan and TA activities during the crisis period. There were only a few instances where procurement actions on projects approved by the ADB in 1997 and 1998 could not proceed due to austerity measures imposed on executing agencies and the consequent need to shift counterpart fund commitments to the ensuing fiscal year. Because annual project budgets remain strictly controlled by the Bureau of Budget, annual requirements for counterpart funds need to be carefully examined in advance (e.g., at loan appraisal) by staff to ensure that adequate counterpart funds are available when project activities are initiated.

Back VIII. Economic and Sector Work Program	Country Assistance Plans - Thailand