WASHINGTON, September 17, 2026 —The World Bank Group’s Board of Executive Directors discussed the new Country Partnership Framework (CPF) for Thailand FY2027–FY2032 today, to help accelerate Thailand’s next phase of growth and job creation by building a more competitive and resilient economy.
For more than 75 years, the World Bank Group has partnered with Thailand through successive stages of its development. The new CPF deepens that partnership by combining knowledge and reform support, with selective sovereign financing and private investment to support Thailand’s path toward high-income status. The CPF is aligned with Thailand’s long-term development goals and priorities of the forthcoming 14th National Economic and Social Development Plan (2028–2032).
The CPF builds on the strong momentum from the Bangkok Business Summit 2026, where public and private sector leaders rallied around Thailand’s economic transformation agenda. It also reflects priorities identified through consultations with Thai stakeholders for the World Bank Group’s flagship report, Building Thailand’s Future Today. The CPF aims to turn these priorities into concrete reforms and investments, working alongside existing public-private mechanisms such as the Joint Public-Private Committee (JPPC).
“The Bangkok Business Summit showed strong convergence around moving from diagnosis to delivery,” said Stephen N. Ndegwa, World Bank Division Director for Thailand and Myanmar. “This CPF helps turn that ambition into investment, more and better jobs, stronger firms and resilience.”
The CPF focuses on two mutually reinforcing outcomes. The first is a more competitive private sector, supporting firms to raise productivity, innovate, adopt digital technologies, compete in regional and global markets, and expand access to finance for small businesses. The partnership will focus on high-potential sectors for jobs including advanced manufacturing, sustainable tourism, digital value chains, and agribusiness, alongside skills development, sustainable finance, and innovation.
The second is enhanced resilience for growth, with support for water, transport and energy infrastructure, fiscal resilience, weather disaster preparedness, and social protection. This includes supporting flood and drought resilience in the Chao Phraya basin, strengthening transport infrastructure that connects firms and workers in lagging regions to national markets, and helping build the fiscal foundations — through stronger revenue systems and more efficient public spending. It will also support spatially balanced growth, including efforts to unlock the potential of secondary cities and regional economic corridors.
“Through this partnership, we aim to mobilize and enable private capital at scale, helping Thai firms grow, innovate, and create better quality jobs,” said Arnaud Dupoizat, Regional Director for East Asia, International Finance Corporation (IFC). “We will bring together the strengths of the World Bank, IFC, and the Multilateral Investment Guarantee Agency (MIGA) to support reforms and investments that can raise productivity, expand opportunity, and strengthen resilience.”
The CPF comes as Thailand prepares to host the 2026 IMF–World Bank Group Annual Meetings in Bangkok from October 12–18. The Meetings will provide an opportunity to highlight Thailand’s development priorities, share its experience, and strengthen partnerships to support more inclusive, competitive, and resilient growth.
