Foreign aid to Thailand
Encyclopedia
Foreign Aid to Thailand On July 31, 2003, Thailand
repaid its outstanding obligations under a standby arrangement made with the International Monetary Fund
designed to help it recover from the 1997 Asian Financial Crisis. The payment was made four years ahead of schedule, reflecting Thailand's achievement of macroeconomic and balance-of-payments stability.
Since 2002, Thailand is no longer an Economic aid recipient. Instead, Thailand contributed $60 million in economic aid to the neighboring countries in 2005.
During the Vietnam War
period Thailand, along with other US allies such as Cambodia, received considerable amounts of US economic aid and military subsidies.
From the early 1980s onwards internal problems in Myanmar
have led to large numbers of people seeking refuge in Thailand. Various agencies, including the European Commission
's Humanitarian Aid department, have helped to assist the displaced people.
Historically Thailand was one of the biggest recipients of Japanese overseas aid. The bulk of the aid took the form of loans for large-scale infrastructure projects. Japan's government explained its relative generosity by citing friendly relations and Thailand's special problems arising from rapid growth, while some scholars have suggested that Japan’s own business interests were the main motivation.
Thailand
Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...
repaid its outstanding obligations under a standby arrangement made with the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
designed to help it recover from the 1997 Asian Financial Crisis. The payment was made four years ahead of schedule, reflecting Thailand's achievement of macroeconomic and balance-of-payments stability.
Since 2002, Thailand is no longer an Economic aid recipient. Instead, Thailand contributed $60 million in economic aid to the neighboring countries in 2005.
During the Vietnam War
Vietnam War
The Vietnam War was a Cold War-era military conflict that occurred in Vietnam, Laos, and Cambodia from 1 November 1955 to the fall of Saigon on 30 April 1975. This war followed the First Indochina War and was fought between North Vietnam, supported by its communist allies, and the government of...
period Thailand, along with other US allies such as Cambodia, received considerable amounts of US economic aid and military subsidies.
From the early 1980s onwards internal problems in Myanmar
Myanmar
Burma , officially the Republic of the Union of Myanmar , is a country in Southeast Asia. Burma is bordered by China on the northeast, Laos on the east, Thailand on the southeast, Bangladesh on the west, India on the northwest, the Bay of Bengal to the southwest, and the Andaman Sea on the south....
have led to large numbers of people seeking refuge in Thailand. Various agencies, including the European Commission
European Commission
The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union....
's Humanitarian Aid department, have helped to assist the displaced people.
Historically Thailand was one of the biggest recipients of Japanese overseas aid. The bulk of the aid took the form of loans for large-scale infrastructure projects. Japan's government explained its relative generosity by citing friendly relations and Thailand's special problems arising from rapid growth, while some scholars have suggested that Japan’s own business interests were the main motivation.