BMA discusses with ADB on financial cooperation to enhance urban development potential
On December 13 at Amarin Room Bangkok City Hall (Sao Chingcha), Phra Nakhon District Mr. Chatchart Sittipunt Governor of Bangkok along with Dr. Kessara Thanyalakpark Advisor to the Governor of Bangkok welcome Mr. Anud Metha Director of the Asian Development Bank in Thailand (ADB) (Mr. Anouj Mehta Country Director, Thailand Resident Mission) and team on the occasion of a courtesy visit and discussion on the ADB’s urban development support Bangkok, for example, the importance and issuance of local bonds (Municipal Bond), waste management. Local financial capacity building and other developments that Bangkok needs to support
Mr. Chatchart revealed after the discussion that In the future, cities will find ways to finance projects that are more flexible. And there is a new finance model, so there is a discussion on what cooperation can be made. It may be a loan through the Debt Management Office, the government, or the Bangkok Metropolitan Administration.
“Today has not concluded anything. But discuss what opportunities exist. Finally had to talk to the Ministry of Finance. Public Debt Management Office, but ADB probably has a funding source. In fact, many of the city’s projects are related to the environment, including Green issues such as transportation, reducing greenhouse gas use, including Blue issues, such as looking at water quality. and the flood Another issue is education. because there are many technologies And Bangkok is not specialized in finance alternatives or doing various projects, there may be cooperation in providing knowledge, training and finding channels for projects to maximize benefit in the future.” Mr. Chatchart said
Dr. Kessara He added that ADB can cooperate with BMA on two matters, namely, the first one is about techniques, not just about borrowing money. It is to educate about collecting fees. Doing new projects, especially new projects that are Green or Blue Bond because ADB has more technology. Have you ever seen anything more? Doing about numbers will be more certain. The second story is about financial technology, namely lending.
“Borrowing money is not wrong. ADB can recommend both loan sources and financing methods to reduce costs. suitable for the city It’s all about making the city better. Making the city greener and reducing pollution is already an indicative matter for ADB.” Dr. Kessara said
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