GMS in the News

Cambodia’s economy is forecast to grow at 5.5% in 2023 and 6.0% in 2024 on a more robust tourism recovery and higher growth in the services sector, according to a report released today by the Asian Development Bank (ADB).

The Lao People’s Democratic Republic’s (Lao PDR) economy is expected to grow moderately this year and next, thanks to the recovery in services and private sector investments as pandemic restrictions are eased throughout the region, according to a new Asian Development Bank (ADB) report.

The Asian Development Bank (ADB) today joined the Global Energy Alliance for People and Planet (GEAPP) to announce $35 million to help boost energy access and the energy transition in South and Southeast Asia.

This study analyzes fresh produce for contaminants and explores ways to enhance farm management, market infrastructure, and food safety management.

The Asian Development Bank (ADB) has announced a grant of $1.3 million to advance disaster risk management in the Association of Southeast Asian Nations (ASEAN) through technical assistance (TA). The TA will support the implementation of the ASEAN Agreement on Disaster Management and Emergency Response Work Programme, 2021–2025, which will strengthen regional cooperation on understanding, reducing, and managing transboundary risks.

The Asian Development Bank (ADB) has approved a $50 million policy-based loan under subprogram 1 of the Trade and Competitiveness Program to support the Government of Cambodia to diversify the country’s economy and boost its global competitiveness.

The Asian Development Bank (ADB) has approved a $73 million financing package to boost the climate resilience and sustainability of coastal and marine fisheries in Cambodia.

The Asian Development Bank (ADB) has approved a sector development program that combines a $50 million policy-based loan package with $23 million in project investments to support the energy transition of Cambodia. The Energy Transition Sector Development Program includes ADB’s first comprehensive policy reform package for the energy sector in Cambodia.

The Asian Development Bank (ADB) and Monsoon Wind Power Company Limited (Monsoon) signed a $ 692.55 million nonrecourse project financing package to build a 600-megawatt wind power plant in Sekong and Attapeu provinces in the southern region of the Lao People’s Democratic Republic (Lao PDR) to export and sell power to neighboring Viet Nam. Comprising 133 wind turbines, the project will be the largest wind power plant in Southeast Asia and the first in the Lao PDR.

The Mekong Tourism Forum 2022 (MTF 2022) was held in Quang Nam, Hoi An, Viet Nam, on 12 – 13 October 2022, attended by over 250 delegates from across the region. It was hosted by Viet Nam’s Ministry of Culture, Sports and Tourism, in collaboration with the Mekong Tourism Coordinating Office (MTCO) and supported by the Asian Development Bank. The MTF 2022 followed the 50th Meeting of the Greater Mekong Subregion (GMS) Tourism Working Group and the MTCO Board Meeting.