GMS in the News

The Joint Declaration adopted at the 11th CLV Summit provides a foundation for the socio-economic development plan until 2030. Photo by VNA.

11th CLV Summit Commits to Strengthen Development Triangle Area

Cambodia, Lao PDR, and Viet Nam (CLV) Leaders expressed their firm commitment to strengthen the CLV Development Triangle Area (DTA) in order to accelerate economic growth, alleviate poverty, and promote socio-cultural progress in the subregion. At the 11th CLV Summit held online on 9 December, they adopted a Joint Declaration that provides a foundation for the subregion’s socio-economic development plan until 2030 and the Tourism Development Plan. They also adopted the Development Plan for Sustainable Rubber Industry.  

Cambodia Approves Two 500 kV Transmission Line Projects

The Government of Cambodia’s Council of Ministers approved two 500 kilovolt (kV) transmission line investment projects in (i) Phnom Penh to the Cambodia-Lao PDR border, and (ii) Battambang to the Cambodia-Thailand border, to prepare to import electricity from its neighbors. The Government of Cambodia is working on increasing the country’s electricity capacity to improve production and competitiveness.

The 9th ACMECS Summit Declaration emphasized post-pandemic socio-economic recovery and preparation for future crises. Photo by OCM.

9th ACMECS Summit Declaration Focuses on Post-pandemic Recovery

Leaders of Cambodia, Lao PDR, Myanmar, Thailand, and Viet Nam adopted the Phnom Penh declaration at the 9th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit held on 9 December. The declaration emphasizes post-pandemic socio-economic recovery and preparation for future crises and challenges through public health cooperation and enhanced supply chains. ACMECS leaders stressed the importance of vaccine multilateralism to ensure equitable and safe access to coronavirus disease (COVID-19) vaccines. 

Medtecs Group, a supplier of personal protective equipment in Cambodia, employs 5,500 people at its Kampong Cham factory. It has provided stable jobs, contributing to the local economy, which is critical as Cambodia braces for the impact of COVID-19. Photo by Medtecs Group via ADB

Medical Supplies from Cambodia Helping ADB Developing Member Countries Fight COVID-19 Outbreak

In immediate response to global efforts to combat the pandemic, the Health Sector Group of the Asian Development Bank (ADB)’s Sustainable Development and Climate Change (SDCC) Department mobilized funding for Technical Assistance (TA) on Regional Support to Address the Outbreak of Coronavirus Disease 2019 (COVID-19) in the amount of $48.3 million in early 2020.

Traffic in Phnom Penh, Cambodia. Photo: Bryon Lippincott/Flickr (CC BY-ND 2.0)

ADB Approves $250 Million Loan to Support Cambodia's COVID-19 Response

The Asian Development Bank (ADB) approved on 8 July 2020 a $250 million loan to help the Government of Cambodia respond to the coronavirus disease (COVID-19) pandemic by strengthening the country’s health care system, increasing social assistance to the poor and vulnerable, and providing economic stimulus to businesses, including small and medium-sized enterprises.

Photo: Water, Food, and Livelihoods in River Basins/ Flickr

Mekong River Commission Joint Committee Endorses Basin Development Strategy

The Mekong River Commission (MRC) Joint Committee endorsed ad-referendum the 10-year Basin Development Strategy. The Strategy aims to guide Mekong River Basin stakeholders in addressing environmental, social, and economic issues arising from climate change, water resource development projects, and population increase. Its endorsement paves the way for a final consideration and approval by the MRC’s council of ministers. 

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