ADB – Asian Development Bank : Greater Mekong Ministers to Review New Phase of Development Priorities

Ministers from the Greater Mekong Sub-region (GMS) will review progress on the Regional Investment Framework (RIF) to boost implementation of the GMS Strategic Framework 2012-22, as they meet today and tomorrow for the 18th GMS Ministerial Conference in Nanning, People’s Republic of China (PRC). … The Asian Development Bank (ADB) recently approved $37 million in funding for corridor town development in Cambodia, and $41 million for similar projects in Lao People’s Democratic Republic (Lao PDR). … Since 1992, the GMS Program has invested about $15 billion in projects covering subregional roads, airports and railways, power facilities, tourism infrastructure, and communicable disease prevention, with ADB’s share totaling more than $5 billion. GMS countries include Cambodia, PRC, Lao PDR, Myanmar, Thailand, and Viet Nam.