Click here for search results

Thailand - Country assistance strategy


Details

Document Date: 2003/01/22
Document Type: Country Assistance Strategy Document
Report Number: 25077
Volume No: 1
Show More
 

Abstract

This document provides a framework for a new and innovative partnership between Thailand and the World Bank Group for FY03-05. In recent years, the relationship between Thailand and the World Bank Group has progressed from primarily a borrower-lender relationship toward a true development partnership. Financial support remains an important part of the partnership, especially for IFC and MIGA transactions, but the Bank's role has evolved more toward facilitating knowledge sharing and providing policy advice on medium-term structural issues. Building on this evolving approach, the new Thailand-Bank Group partnership focuses on diagnostic and monitoring work and a limited amount of implementation support for selected critical issues in Thailand's overall national development agenda. Thailand has made significant progress since the economic and financial crisis in 1997-98. Macroeconomic stability has been restored, access to international capital markets has been reestablished, inflation remains low, and real GDP growth is projected to rise over 2 percentage points this year. The recovery is driven mainly by consumption growth, prompted by rising consumer confidence, low interest rates, and fiscal measures to stimulate consumption. However, due in part to uncertainties in private investment, public debt, and global economic prospects, the recovery remains fragile. Thailand's medium-term prospects now depend on its ability to address underlying structural reforms--such as completi
Show More
 
 

Downloads


Complete Report

Official version of document (may contain signatures, etc)
Click here to see PDF filePDF103 pagesOfficial Version[7.21 mb]
Click here to see text fileTextText Version*
*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.