Thailand and ADB: A Strong, Enduring Partnership

By Stephen P. Groff

Vice-President Stephen Groff looks back on the Thailand-ADB relationship, and outlines areas for future cooperation.

ADB Vice-President Stephen Groff looks back on the Thailand-ADB relationship and outlines areas for future cooperation, including the Thailand 4.0 initiative.

In 1968, ADB’s first loan was to Thailand’s Industrial Finance Corporation to provide medium- and long-term loans to industrial enterprises.

That loan helped lay the foundation for the country’s manufacturing boom in the 1980s and early 1990s. It also launched a long and deep development partnership.

Thai Finance Minister Apisak Tantivorawong and Mr. Groff recently led celebrations of 50 years of collaboration in Bangkok.

Watch above to learn more and read ADB and Thailand: A Development Partnership toward Inclusive Growth.