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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).

Yesterday 16:24 Key points summarised by AI

OECD Secretary-General Mathias Cormann affirmed strong support for Thailand's ambition to join the organization by 2028, recognizing Prime Minister Anutin Charnvirakul's leadership in this initiative.
Thailand views OECD accession as a pivotal opportunity to drive comprehensive reforms in legal affairs, policies, and performance standards, aligning the country with international benchmarks for sustainable economic development.
The OECD underscores the necessity of these reforms to enhance competitiveness, attract foreign trade and investment, streamline regulations, and create greater economic opportunities, especially given Thailand's recent slowdown in economic growth.
The accession process involves OECD committees meticulously comparing Thailand's existing legal and policy frameworks against international standards, a step built upon more than a decade of collaborative engagement.