Thailand and ADB
In the Spotlight
Thailand’s first large-scale solar power plant demonstrates the feasibility of large, private sector solar farms, and leads the way to a greener future.
Historically, South Asia and Southeast Asia were isolated from one another, but increasingly leaders and business operators in both regions are seeing the benefit of greater connections, according to the ADB report, Connecting Asia: Infrastructure for Integrating South and Southeast Asia.
ADB and the governments of Thailand and Japan today launched two projects which will help Thailand strengthen community-based disaster risk management, and support efforts to enhance financial inclusion in low income communities.
Thailand has successfully transformed itself into an upper-middle economy, but its competitiveness and productivity have stagnated in recent years. It needs to embrace deeper structural reforms with supportive policies to become a high-income country.
Having attained upper-middle-income status in recent times, Thailand aspires to reach higher-income status within the next decade. With its strategic geopolitical position and significance as the second-largest economy in the Association of Southeast Asian Nations (ASEAN), the country plays a major role in promoting regional cooperation and integration.
Since the late 1990s, economic growth 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. In July 2014, Thailand approved a long-term Infrastructure Development Plan to boost the country’s competitiveness, by improving and expanding its logistics and transport networks.
The ADB country partnership strategy, 2013-2016 for Thailand provides the flexibility to respond to the country’s needs and priorities through sovereign and nonsovereign support.
Projects in Thailand
Population living below the national poverty line in Thailand (2013)
Population in Thailand, in millions (2015)
Average annual population growth rate in Thailand (2010-2015)
Maternal mortality ratio in Thailand, per 100,000 live births (2015)