The new MoU is aimed at strengthening the strategic partnership between the countries and continuing to support Thailand’s goals to promote financial inclusion and sustainable growth, the government said.
Under a previous MoU with Thailand, the UK assisted on a range of BoT projects, including initiatives to strengthen accounting standards and support the resilience of the country’s financial system.
The new MoU has been enabled by the UK-funded ASEAN Economic Reform Programme and the UK’s Partnering for Accelerated Climate Transitions Programme.
Mark Gooding, the British ambassador to Thailand, commented: “As a global leader in financial services, the UK views finance not only as key to business but as critical sustainable, inclusive global growth.”
He added: “We are proud to continue our partnership with Thailand on financial services with a particular focus on finance’s cutting edge – sustainable finance and digital finance.”
The UK government has signed a Memorandum of Understanding (MoU) with the Bank of Thailand (BoT) on financial services cooperation.
The UK will collaborate with Thailand to enhance its regulatory framework, as a key initiative for the BoT is to reposition the country’s financial sector towards a sustainable digital economy.
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