Country Development Partnership on Financial and Corporate Competitiveness (CDP-FC)

Strengthening the Financial and Corporate Systems 

While much has been accomplished since the 1997 crisis, the competitiveness and fiscal strength of financial institutions and private firms is still a concern. 

Under the CDP-FC, the World Bank works closely with several government agencies to jointly formulate development strategy and identify needed technical assistance in six areas:  

1. Strengthening the financial sector strategy and structure;
2. Enhancing supervision and regulation;
3. Developing capital markets;
4. Improving the speed and quality of corporate and debt restructuring;
5. Enhancing intermediation on a risk-adjusted basis;
6. Improving corporate governance.

The Bank’s major contribution is to initiate policy dialogue, facilitate discussion among government agencies and the private sector on reform objectives, provide knowledge and financial resources, and coordinate the technical supports of other partners. Resources are often in the form of technical assistance, which empowers reformers within the Government to implement strategies in close consultation with the private sector and with the benefit of lessons learned in other markets.

Government Agency Partners Include

The Bank of Thailand
The Ministry of Finance
The Financial Institution Development Fund
Department of Insurance
The Thai Asset Management Corporation
The Security and Exchange Commission
The Courts of Justice
The Council of State

Donor Partners Include
The Kenan Institute
AusAID
The Thai Institute of Directors

CDP-FC program assessment and completion report (June 2006)