Thailand’s corruption standing for 2022 an improvement over 2021

13 Sept 12:43 Key points summarised by AI

Thailand's 2022 corruption ranking improved significantly, rising nine places to 101st out of 180 countries with a score of 36 points, according to Transparency International.
The improvement is attributed to the Thai government's increased seriousness in combating bribery, taking punitive action against corrupt officials, and reforming project approval systems to reduce bureaucratic red tape.
Despite the progress, performance assessors note ongoing challenges with corruption in government bureaucracy, citing rampant graft in budget management, conflicts of interest, and lax law enforcement.
The National Anti-Corruption Commission (NACC) is actively developing information technology systems to support anti-corruption efforts and promoting public participation to address bureaucratic corruption.

Thailand secures US$200m World Bank loan for clean energy and low carbon cities

Today 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).