Opening remarks by ADB Director General Kunio Senga at the Signing Ceremony of the Capital Market Development Program on February 14, 2011 in Bangkok, Thailand
Your Excellency, Deputy Finance Minister Mr. Pradit Pataraprasit,
Distinguished guests, ladies and gentlemen,
On behalf of the Asian Development Bank, please allow me to say it's a pleasure to join you today for the signing of an Agreement between the Royal Thai Government and the ADB for a Capital Market Development Program. I'd like to express our since appreciation to the Ministry of Finance for your continued partnership with the ADB. I'd also like to say thank you to our colleagues in the Public Debt Management Office for their cooperation and for organizing this event.
The Royal Thai Government has made tremendous progress in creating an enabling environment for the capital market to grow and develop. The 5-years Capital Market Development Master Plan which is the anchor for this Capital Market Development Program Loan reflects Thailand's commitment to further develop its capital market to be among the leaders in emerging economies. The Program is in a single tranche and includes a grant technical assistance of $900,000 to support the implementation of the Government's Capital Market Development Master Plan.
Mr. Deputy Minister,
As you may be aware, a new Country Partnership Strategy is being prepared for ADB and Thailand. Capital market development is expected to remain an important area of cooperation. It's expected that infrastructure development and energy efficiency will remain core areas for our collaboration.
Again let me express the ADB's appreciation to the Royal Government of Thailand for your continued partnership.