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THAILAND ASEM Trust Fund 2: Implementation Progress, Portfolio Performance and Results

THAILAND ASEM Trust Fund 2: Implementation Progress, Portfolio Performance and Results. MINISTRY OF FINANCE, THAILAND June 28 th , 2006. BACKGROUND. Objective: established as a response to the 1997 Asian crisis Total amount of the funds provided for Thailand:

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THAILAND ASEM Trust Fund 2: Implementation Progress, Portfolio Performance and Results

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  1. THAILANDASEM Trust Fund 2: Implementation Progress, Portfolio Performance and Results MINISTRY OF FINANCE, THAILAND June 28th, 2006

  2. BACKGROUND • Objective: established as a response to the 1997 Asian crisis • Total amount of the funds provided for Thailand: • ASEM TF I: around 5 million USD (for 10 projects) • ASEM TF II: around 7 million USD (for 11 projects) • Total Grant: nearly 12 million USD(for 21 projects in total)

  3. THE DEVELOPMENT PILLARS • The 5 Pillars • Human and Social Capital • Competitiveness • Poverty and Inequality • Natural Resources and Environment • Governance

  4. NATIONAL DEVELOPMENT PILLARS AND ASEM TF 2

  5. HOW THAILAND OVERCOME SOME OBSTICLES • By setting up a TROUBLE SHOOTING TEAM. • Objective: • to solve the problem and obstacles occurred during the projects’ implementation • to monitor the projects achievement • To access the impacts.

  6. TROUBLE SHOOTING TEAM IN ACTION “Participatory Watershed Management for Ping River Basin” • The Trouble Shooting Team solved the delay in the project by: • setting up meeting with the concerned agencies • monitoring. • Only 36.67% (USD 300,210 disbursement amount) completion in March • After the Trouble Shooting Team took action: 66.69% completion (USD 466,828 disbursement) • Expected Closing Date: August 2006

  7. RESULT OF THE PROJECTS • A high level of ownership of the projects ensures a high level of sustainability.

  8. EXAMPLE OF THE ASEM TF PROJECTS • “Out of Court Meditation Capacity Building Project” • “Thailand’s Preparation for Financial Service Liberalization”

  9. “Out of Court Meditation Capacity Building Project” • Executing Agency:Thailand’s Alternative Dispute Resolution Office • Effective: June 2002 Closed: March 2004 • Amount: USD 400,000 • Objectives: • to strengthen the institutional capacity of Thailand’s ADRO to administer out-of-court meditation for financial disputes (including disputes involving non-performing loan) • to promote public understanding and awareness of an out-of-court meditation process and its benefits as an alternative trial

  10. “Out of Court Meditation Capacity Building Project” (cont.) • OVERALL RESULTS: • the speed and quality of corporate and debt restructuring was improved • the resolution of NPLs and the competitiveness of Thai banks and firms was created • the institutional capacity to facilitate voluntary out-of-court debt workouts was founded • a capacity of the newly created Business Rehabilitation Office and Central Bankruptcy Court to administer court supervised business rehabilitation and debt restructuring was emerged This left Thailand a progress in corporate and debt restructuring

  11. “Thailand’s Preparation for Financial Service Liberalization” • Executing Agency:Fiscal Policy Office, Minister of Finance, Thailand • Effective: April 2004 Closed: February 2006 • Amount: USD 218,000 • Objectives: • to assist the Government and financial institutions to prepare for negotiations and agreements on liberalization services. • to financed studies and the development of recommendations on the liberalization of financial services and the position of Thailand taking in negotiations • To set up workshops to inform and prepare stakeholders for the recommended options and the effect of liberalization in financial services

  12. “Thailand’s Preparation for Financial Service Liberalization” (cont.) • Future Plan: to use the research as a handbook for further negotiation.

  13. THANK YOU.

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