Thailand-World Bank Group Country Partnership Framework 2019-2022
The country partnership framework (CPF) for Thailand covers the period FY19-22. Guided by the Maximizing Financing for Development (MFD) principles, the CPF will bring to bear the full resources of the WBG to facilitate increased private sector-led...
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| Format: | Report |
| Language: | English |
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World Bank, Bangkok
2018
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| Online Access: | http://documents.worldbank.org/curated/en/770551542942024490/Thailand-Country-Partnership-Framework-for-the-Period-FY19-FY22 http://hdl.handle.net/10986/30977 |
| Summary: | The country partnership framework (CPF)
for Thailand covers the period FY19-22. Guided by the
Maximizing Financing for Development (MFD) principles, the
CPF will bring to bear the full resources of the WBG to
facilitate increased private sector-led development. To this
end, the CPF will aim to create markets and increase private
sector investment. To help create markets, the WBG will
promote competition and innovation, and help open new
markets by supporting improvements in Thailand’s business
environment. Supporting the development of a stronger
enabling environment will help increase private sector
investment. Strengthening of fiscal institutions will also
help create a more conducive national business environment
that crowds in greater commercial financing and maximizes
the impact of scarce public resources. The CPF will also
support targeted policies and programs for the inclusion of
disadvantaged and vulnerable groups, including in the
fragile, conflict affected areas of Southern Thailand. The
overarching goal of the CPF is to support Thailand’s
transformation towards an innovative, inclusive and
sustainable economy, which is aligned to the country’s first
20-Year National Strategy (2017-2036), the Royal Thai
Government’s 12th NESDP (NESDP 12) as well as the WBG
Systematic Country Diagnostic (SCD) – Getting Back on Track.
The CPF envisages a partnership with Thailand focused on the
provision of IBRD reimbursable and trust-funded Advisory
Services and Analytics (ASA) targeting poverty reduction and
shared prosperity with an option of IBRD financing based on
Government demand, overall performance, as well as global
economic/financial developments affecting IBRD’s financing
capacity, and demand by other borrowers. The CPF plans to
achieve six objectives that together aim at Promoting
Resilient and Sustainable Growth, and Strengthening
Inclusion. In particular, these objectives are i) to improve
Thailand’s competitiveness and ease of doing business; ii)
to improve financial and fiscal institutions’ policy
implementation; iii) to strengthen the quality of
infrastructure investments; iv) to address climate change
and improve water resource management; v) to strengthen the
social protection and inclusion of vulnerable groups; and
vi) to promote quality education for all and talent management. |
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