Digitalization will help further the mandate of the GMS 2030 to build a robust, regionally integrated economy that is prepared to withstand a competitive external environment, fully equipped to seize new opportunities, and capable of addressing the medium- to long-term challenges of economic and social risks brought by the coronavirus disease (COVID-19) pandemic.
GMS Digital Economy Cooperation Initiative
The Greater Mekong Subregion (GMS) Digital Economy Cooperation Initiative was developed and proposed by the People’s Republic of China with the support of other GMS countries and endorsed at the 25th GMS Ministerial Conference. It provides a framework for cooperation to promote inclusive digitalization and the use of advanced technologies in all GMS Program activities and projects.
Areas of cooperation
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Advance Regional Digital Finance
Deepen Digital Inclusion
Strengthen digital governance system and capabilities
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• This will investigate and analyze the current situation, opportunities, and challenges of digital economy development in the subregion and put forward suggestions and measures to accelerate the development of digital economy.
• To address the gap in digital infrastructure, the program will formulate a list of key projects that will be included in the GMS Regional Investment Framework, to encourage relevant governments to give priority and increase input, as well as to attract investments from multilateral and bilateral institutions and private capital.
• The platform will also explore emerging digital economy issues to meet the needs of members in developing the digital economy and better adapting to the trend of digital economy in the subregion.
• Each working group or task force will be encouraged to develop programs according to its function, focusing on issues of common interest, such as technical assistance and capacity building, training courses, seminars, policy exchange, and experience sharing, to help policymakers improve digital governance.