For instance, fiscal policies that are progressive and are able to strengthen accountability and transparency in collecting and using public resources may produce stronger effects on poverty and inequality. All of these policies contributed significantly to reducing inequality (UNCTAD, 2012; Boonperm, Haughton and Khandker, 2009). The Thailand Village and Urban Revolving Fund, which provided about USS22,500 to every village and urban community in Thailand as working capital for locally run rotating credit associations, started with about US$2.0 billion in 2001.