Strengthening the Bio-Circular-Green Economy (ADB-56159-001)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • Thailand
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 26, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Thailand
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Infrastructure
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 1.33 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Feb 11, 2023

Disclosed by Bank Dec 27, 2022

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the ADB, The knowledge and support technical assistance (TA) will strengthen the capacity of the Government of Thailand to integrate its new bio-circular-green (BCG) economy model into national development strategies. The TA will provide an integrated approach to capacity, policy, and investment pipeline strengthening, with activities including (i) BCG awareness building workshops; (ii) advisory support to strengthen BCG related policy and regulatory frameworks; and (iii) technical support to develop sector-specific innovative finance BCG concepts that can mobilize green finance from public and private sources such as commercial banks and capital markets. The TA will share lessons and experiences regionally to spur further replication of such concepts.
The National Science Technology and Development Agency of Thailand will be the executing agency.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

As stated by the ADB, the TA financing amount is $1,333,000, of which (i) $500,000 will be financed on a grant basis by ADB9s Technical Assistance Special Fund (TASF-other sources), (ii) $500,000 will be financed on a grant basis by the Republic of Korea e-Asia and Knowledge Partnership Fund and administered by ADB, and A$500,000 will be financed on a grant basis by the Government of Australia.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ADB's Team Leader:

James A. Roop - Principal Country Specialist, Thailand Resident Mission

No contacts available at the time of disclosure.

National Science and Technology Development Agency of Thailand:

Address:
111 Thailand Science Park
Phahonyothin Road, Khlong Nueng, Khlong Luang,
Pathum Thani 12120
THAILAND

Tel: +66 (0) 2-564-7000
Fax: +66 (0) 2-564-7001
Email: icd@nstda.or.th
Website : http://www.nstda.or.th/en

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.

How it works

How it works