The program has helped strengthen ADB’s role as a trusted partner and created a positive experience for the government to strengthen its relations with development partners. The loan provided international funds that have helped address the government’s objective to reduce borrowing in the domestic market and have helped ensure liquidity in Thailand’s private sector. The program’s accompanying technical assistance provided the government with value-added policy dialogue and technical assistance to help address the government’s knowledge needs as they evolved through the crisis. Collectively therefore; the program has helped strengthen ADB’s role as a trusted partner and more broadly; created a positive experience for the government to strengthen its relations with development partners. At the time of writing this report; the government extended Thailand’s CARES program through cofinancing from the Japan International Cooperation Agency and has further engaged with other development partners on green recovery from the impacts of the COVID-19 pandemic.
COVID-19 Active Response and Expenditure Support Program