ADB President Kuroda to Inaugurate New Mission in Thailand

MANILA, PHILIPPINES - ADB President Haruhiko Kuroda will make his first official visit to Thailand this week where he will inaugurate on Thursday ADB's Resident Mission in Bangkok.

During the three-day visit, which starts today, Mr. Kuroda will meet with Prime Minister Thaksin Shinawatra and Senior Ministers and Government officials on issues including ADB's partnership with Thailand and the development challenges facing the country. Thailand's contributions to the Greater Mekong Subregion (GMS) economic cooperation program will be an important item of Mr. Kuroda's discussions with the Government.

ADB's Thailand Resident Mission will further enhance ADB's presence in Thailand and help strengthen its operational activities in the region.

"The establishment of a resident mission in Thailand marks a new chapter in ADB's relations with the country and the GMS, where it is a key partner of ADB," Mr. Kuroda says.

"The new resident mission will enable ADB to become more responsive to the development needs of the country and indeed the subregion. ADB looks forward to working closely with Thailand both on its national development programs and in its regional programs."

Thailand is a founding member of ADB, which has to date provided the country with 84 loans totaling $5.4 billion in various sectors, including energy, transport and communications, social infrastructure, agriculture and natural resources and finance.

The ADB President's visit takes place against the backdrop of the country's changing development goals, needs, and expectations. The country is achieving progress in meeting all of the Millennium Development Goals before the 2015 deadline.

Thailand is now playing an important role in fostering regional and subregional cooperation initiatives, including the GMS program, and in providing financial and technical assistance for its neighboring countries.