Thailand and ADB
In the Spotlight
Leaders of the six countries that comprise the Greater Mekong Subregion will meet at the 5th GMS Summit on 19-20 December 2014 in Bangkok, Thailand. Learn more about the event.
The growth outlook for developing Asia and the Pacific remains steady, even though momentum slowed in the second half of 2014, but the declining oil prices represent a golden opportunity for many beneficial reforms, ADB says in a new report.
A modern highway and bridge connecting three countries in the Greater Mekong Subregion are reviving an ancient trade route and bringing new life to local communities.
In preparation for the 5th Greater Mekong Subregion Summit in Bangkok in December, ADB and the Royal Thai Government co-hosted a consultation meeting with Thai youth at Thammasat University.
Ten years on from the Asian Tsunami of 2004, stronger and more resilient communities are enjoying the fruits of a reconstruction effort that also served as invaluable experience in the aftermath of other natural calamities.
Thailand recently crossed into upper middle-income status, with the aspiration of progressing to a higher-income status. Economic growth, however, has been slower and more variable since the late 1990s due to global economic shocks, natural disasters, sociopolitical tensions, and relatively low investment.
With its position and size as the second largest economy in the Association of Southeast Asian Nations (ASEAN) and the Greater Mekong Subregion (GMS), Thailand can play a significant role in promoting regional cooperation and integration.
ADB support will respond to the government’s particular interest in ADB expertise to help catalyze knowledge, leverage private sector finance, and promote regional cooperation and integration.
64.62(2013) Population in millions
0.4%(2008-2013) Average annual population growth rate
13.2%(2011) Population living below the national poverty line