Thailand and ADB
In the Spotlight
This report identifies some of Thailand’s critical development constraints and discusses policy measures and economic reforms needed to accelerate economic transformation toward a more modern and service-oriented economy.
ADB's 2016-2018 Thailand operation business plan places emphasis on knowledge sharing, private sector lending, and application of public-private partnership (PPP). It will also focus on potential public sector lending in the education and transport sectors.
A new approach to integrated water resource management based on community participation is tapping into local knowledge to protect Thailand's territory from the increasingly severe flooding driven by climate change.
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.
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.
Projects in Thailand