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p. 60 of 95 BACK | NEXT Message from the Chairman of the Board of Directors Members, Capital Stock and Voting Power The Record Abbreviations 2004 in Review: Board of Directors' Report Special Theme: The Changing Face of the Microfinance Industry: Building Financial Systems for the Poor Part 1: Institutional Effectiveness Part 2: Poverty Reduction Strategic Priorities Thematic Priorities Regional Perspectives East and Central Asia Mekong Cambodia Lao People’s Democratic Republic Myanmar Thailand Viet Nam The Pacific South Asia Southeast Asia Part 3: Financial Statements: Management's Discussion and Analysis

Annual Report 2004 : Part 2: Poverty Reduction : Mekong

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Thailand

Strategy and Policy Dialogue. Thailand has achieved healthy and sustainable economic growth and strong resilience to external risks, achievements that have shifted the focus of its long-term partnership with ADB. Opportunities are being explored for ADB and Thailand to work closely on various development challenges, including private sector development and public-private partnerships. The government has agreed to ADB's proposal to issue a baht-denominated bond to strengthen the local bond market and to possibly finance projects in Thailand and other countries.

ADB's partnership with Thailand will enter a new stage with the opening of the Thailand resident mission in January 2005. Thailand continues to actively support the GMS and provides financial and technical cooperation for neighboring countries. The government strongly supported ADF IX negotiations and pledged 119 million baht, a 20% increase from ADF VIII.

Thailand has actively promoted greater subregional integration through the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy and the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation consisting of Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.

Loans and Technical Assistance. No loans or technical assistance projects were approved.

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