Thailand and ADB
In the Spotlight
A Thai baht bond issued by Japan’s Mizuho Bank opens the road for borrowers from one country to easily tap markets in other countries, while investors can put their money to work in other countries in the region.
Cooperation in the Greater Mekong Subregion is helping countries in the area make progress towards the new global Sustainable Development Goals.
ADB Chief Economist Shang-Jin Wei discusses the impact of this week's decision by the People’s Bank of China to loosen the renminbi exchange rate.
More than 68 million tons of cargo crossed Asian borders between 2011 and 2014 thanks to better regional connectivity. Sanguan Sonklinsakul of Thailand’s Chiang Rai Chamber of Commerce says trade with neighboring countries has increased markedly due to the many news roads in the Greater Mekong Subregion.
With its strategic geopolitical position and significance as the second largest economy in the Association of Southeast Asian Nations (ASEAN), Thailand plays a major role in promoting regional cooperation and integration. Having attained upper middleincome status, the country aspires to reach higher-income status within the next 2 decades.
However, since the late 1990s, economic growth in Thailand has been impeded by global economic shocks, natural disasters, sociopolitical tensions, and relatively low investment. Other challenges to growth have included persistent inequality, environmental degradation, and an aging population.
The ADB country partnership strategy, 2013-2016 for Thailand provides the flexibility to respond to the country’s needs and priorities by blending sovereign and nonsovereign support.