Objectives, authority and function of NEDA
(as stipulated in Section 7 of the Royal Decree) are as follows:
(as stipulated in Section 7 of the Royal Decree) are as follows:
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1Provide neighbouring countries and other countries with financial and technical assistance.
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2Cooperate with neighbouring countries in economic development.
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3Conduct studies and provide recommendations on cooperation policies and measures.
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4Coordinate with concerned organizations to integrate cooperation.
Section 8 has authorized NEDA to do the following activities:
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1Have ownership and rights to possess and acquire property.
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2Initiate rights or perform juristic acts.
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3Offer grants and soft loans to facilitate operations based on the office objectives (according to the criteria, methods and terms stipulated by the Board).
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4Borrow money (according to the criteria set by the Cabinet) or raise funds (according to the criteria, methods and terms stipulated by the Board).
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5Take part in joint ventures with individuals or other juristic persons in activities related to the office objectives (according to the criteria stipulated by the Cabinet).
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6Act as a representative or broker, or assign or hire individuals or juristic persons to operate businesses according to the office objectives.
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7Enter into agreements and cooperate with government agencies, organizations or agencies both inside and outside the country, and the private sector in businesses related to the office objectives.
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8Collect charges, fees, service charges or other payment for business operation.
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9Establish and give funds to support office operations, and take other necessary actions in order to achieve the office goals.
