Thailand and ADB
In the Spotlight
ADB has signed an agreement to provide a local currency loan of up to B1,807 million ($55 million) and $30 million from the ADB-administered Clean Technology Fund to Chaiyaphum Wind Farm Company Limited to develop an 81-megawatt wind power plant in Thailand.
At the Fourth Environment Ministers’ Meeting, environment leaders from the Greater Mekong Subregion called for stronger partnerships to protect and enhance their natural assets, including forests, farmlands, wetlands, and water bodies
The Greater Mekong Subregion has an opportunity to build on its success in promoting connectivity, economic competitiveness, and community through a new investment plan presented at the 5th GMS Leaders' Summit in Bangkok.
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.
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.
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.