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Add to Preferred SourcesThe World Bank Board of Directors endorsed a new Country Partnership Framework for Thailand, defining the strategic focus of the World Bank Group’s engagement with the country from 2019 to 2022. This partnership framework will support Thailand’s transformation towards an innovative, inclusive, and sustainable economy.
The Country Partnership Framework is a joint strategy of the World Bank Group’s International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the Royal Government of Thailand. The World Bank has been a development partner of Thailand since 1949. Over the past 70 years, the World Bank has supported projects in education, agriculture, telecommunications, infrastructure, water resource management, energy, public sector development, and health.
“For almost 70 years, the World Bank Group has been privileged to partner with Thailand. In the last 30 years, the country has stood out as a global leader in economic growth and poverty reduction,” said Mara Warwick, World Bank Country Director for Brunei, Malaysia, Philippines and Thailand. “Our new knowledge-based partnership reflects the dynamism of Thailand as a high middle-income country with many successful development experiences to share as well as challenges to still address.”
The Country Partnership Framework is aligned to the country’s first 20-Year National Strategy (2017-2036) and the Royal Thai Government’s 12th National Economic and Social Development Plan.
“Our new partnership identifies the best strategies to revive growth while strengthening inclusion and sustainability,” said Birgit Hansl, World Bank Country Manager for Thailand. “It will seek to improve the lives of people living in Thailand, through more and better jobs, better quality of education so children are better equipped for the jobs of the future, and by ensuring that the poor and marginalized also benefit from Thailand’s prosperity.”
The International Finance Corporation will promote the development of sustainable infrastructure, create an enabling environment for climate finance and sharpen our cross-border efforts to export Thai capital and expertise to countries and sectors where it is needed the most,” said Vikram Kumar, IFC Country Manager for Thailand and Myanmar. “Through this new partnership, we will also harness innovation and use technology and digital platforms to both create and expand access to information and reduce cost of services to the most vulnerable in Thailand.”
The Country Partnership Framework is anchored around a broad and programmatic engagement on Thailand’s transformation towards greater inclusion, resilience and competitiveness.
Original source: IFC
Published on 27 November 2018