The Village Fund Program: A Challenge to Self-Governance

A large amount of money has been allocated to the Village and Urban Community Fund Program (The Village Fund Program) in Thailand. Justification of the program has to be made and more analyses of this village institution should be done so that improvement can be made. Financial institutions are important tools in development but the more professional ones will last longer. Understanding the relationships among the variables that determine the success is necessary in the improvement of such funds, as it helps us understand the self-governance factors and system of each institution as well as the institutional design that can be developed suitably. Credit, as a resource, is limited. The major rules concern the payment of the money borrowed and the participants’ strategies involve the decision to pay or not to pay. Understanding the Institutional Analysis and Development (IAD) contributes to the institutional design for the outcomes desired. If the outcomes are expected to be sustainable, the institutional design has to direct people to discipline, professionalism and self-governance development concerning the use of funds.

泰国已为乡村和城市社区基金计划（乡村基金计划）拨出大量资金。必须对该计划进行合理性论证，并对这一乡村机构进行更多分析，以便能够加以改进。金融机构是发展的重要工具，但更专业的机构会存续更久。了解决定成功的各种变量之间的关系对于此类基金的改进是必要的，因为这有助于我们了解每个机构的自治因素和制度，以及能够适当制定的制度设计。信贷作为一种资源是有限的。主要规则涉及借款的偿还，参与者的策略涉及还款与否的决定。了解制度分析与发展（IAD）有助于为期望的结果进行制度设计。如果期望结果是可持续的，制度设计就必须引导人们在资金使用方面遵守纪律、走向专业化和实现自治发展。