Foreign aid to Thailand

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Thailand

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Foreign Aid to Thailand On July 31, 2003, Thailand repaid its outstanding obligations under a standby arrangement from the International Monetary Fund designed to help it recover from the 1997–98 Asian financial crisis. Payment was made one year ahead of schedule, reflecting the achievement of macroeconomic and balance-of-payments stability. In 2005 the World Bank was funding eight development projects in Thailand. These projects encompassed the areas of social investment (US$300 million), education (US$225 million), land titling (US$118 million), technical assistance (US$30 million), and energy (US$245 million).

This article contains material from the Library of Congress Country Studies, which are United States government publications in the public domain.