Thailand and ADB
In the Spotlight
A major expansion of economic corridor networks and new areas for economic investment will strengthen links between the capital cities of Mekong countries, and provide unprecedented opportunities for cross-border trade and investment under an agreement reached by officials attending the 21st Greater Mekong Subregion (GMS) Ministerial Conference.
The Thai bond market has experienced rapid growth in the years since the 1997/98 Asian financial crisis. To help support cash-strapped financial institutions, the Government of Thailand issued bonds with the total amount of THB500 billion. Bond Market Guide 2016 for Thailand is an outcome of the strong support and kind contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Thailand.
Good levels of progress with the use of online filing of tax returns is being achieved by emerging and developing economies (e.g., Malaysia, Mongolia, and Thailand). This comparative analysis report analyzes the administrative frameworks, functions, and performance of 21 economies in Asia and the Pacific.
Agriculture officials discussed ways to improve food safety and trade, climate friendly agriculture and bioenergy and biomass management during the annual meeting of the Working Group on Agriculture of the Greater Mekong Subregion (GMS).
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.
Thailand is a member of the Greater Mekong Subregion (GMS). It is also part of the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) subregional program.
Projects in Thailand
Average annual population growth rate in Thailand (2010-2015)
Population living below the national poverty line in Thailand (2013)
Maternal mortality ratio in Thailand, per 100,000 live births (2015)
Population in Thailand, in millions (2015)