One of the world’s largest sources of development assistance, the World Bank supports the efforts of developing country governments to build schools and health centers, provide water and electricity, fight disease, and protect the environment.
It is the world’s largest external source of funding for education and HIV/AIDS programs. It strongly supports debt relief, is a leader in the international anti-corruption effort, and helps bring water, electricity and transport to the poor.
The World Bank Group consists of five closely associated institutions, all owned by member countries. Each institution plays a distinct role in the mission to fight poverty and improve living standards.
Thailand joined the World Bank on May 3, 1949, and its first Bank loan was approved in October 1950. In recent years, the relationship between Thailand and the World Bank Group has progressed from primarily a borrower-lender relationship toward a true development partnership.
Country Development Partnerships (CDP), launched in 2000, are agreements between the Government, the World Bank, and other partners to work together on specific challenges identified by the Government in its development agenda such as gaining a better understanding of the nature and causes of poverty, or supporting reforms in the financial sector.