World Bank satisfied with government’s performances

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BANGKOK, May 16 (TNA) – The World Bank’s regional director is satisfied with the performances of the Thai government and asks it to help small and medium-sized enterprises, Deputy Prime Minister Wissanu Krea-ngam said.

After meeting Ulrich Zachau, the World Bank Director for Regional Partnerships, Malaysia, and Thailand, and the World Bank’s Doing Business ranking team, Mr Wisanu said the World Bank delegation expressed satisfaction with the work of the government and encouraged the government to expand a law relating to business security to cover SMEs.

The World Bank pointed out that the present law had not supported SMEs and amendments for the expanded coverage would provide SMEs with access to finance from institutions, Mr Wisanu said.

The law might need an overhaul and it would take times, he said. However, the government would speed up the work to prevent negative impacts on Thailand’s position in the World Bank’s Doing Business rankings, the deputy prime minister said.

The government focused on not only the ranking but also effective business facilitation, he said. (TNA)