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The economic corridors of the Greater Mekong Subregion are not just roads or highways, but they encompass a variety of economic activities that run parallel to main transport routes.

The economic corridors of the Greater Mekong Subregion are not just roads or highways, but they encompass a variety of economic activities that run parallel to main transport routes. Photo: ADB.

Explainer: What is an Economic Corridor?

Sometimes misunderstood as highway projects, the concept of economic corridors can be complex and confusing. Though not simple, they are powerful tools for reducing poverty and increasing economic growth.

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The road project is expected to improve travel between Yangon (in photo), Myanmar’s largest city, and Mae Sot in western Thailand.

The road project is expected to improve travel between Yangon (in photo), Myanmar’s largest city, and Mae Sot in western Thailand. Photo credit: ADB.

Thailand to Support Upgrade of Key Road Link in Southern Myanmar

The Myanmar government recently approved a project that will ensure the completion of the Greater Mekong Subregion East-West Economic Corridor, which stretches from Danang, Viet Nam to Yangon, Myanmar.

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Myanmar’s growth should accelerate over the next couple of years on the back of firming recovery in the major industrial economies and the government’s continued reforms.

Myanmar’s growth should accelerate over the next couple of years on the back of firming recovery in the major industrial economies and the government’s continued reforms. Photo: ADB.

Myanmar’s Economic Growth to Recover with Improved External Environment, Continued Reforms

YANGON, MYANMAR (6 April 2017) — Myanmar’s growth should accelerate this year and the next, driven by a firming recovery in the major industrial economies and the government’s continued reforms, says a new Asian Development Bank (ADB) report launched today.

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Lao PDR's economic growth is picking up in 2017 and 2018, supported by the expansion of production and sales of electricity as well as buoyant services sector growth, among others.

Lao PDR's economic growth is picking up in 2017 and 2018, supported by the expansion of production and sales of electricity as well as buoyant services sector growth, among others. Photo: ADB.

Solid Growth Expected for Lao PDR in 2017 and 2018 - ADB

VIENTIANE, LAO PDR (6 April 2017) — Economic growth is picking up in the Lao People’s Democratic Republic’s (Lao PDR) in 2017 and 2018, supported by the expansion of production and sales of electricity, a buoyant services sector growth, and construction of the cross-border railway project, says a new Asian Development Bank report released today.

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Cambodia’s economy is expected to remain strong over the next couple of years partly driven by solid garment and footwear exports.

Cambodia’s economy is expected to remain strong over the next couple of years partly driven by solid garment and footwear exports. Photo: ADB.

ADB Forecasts Cambodia's Economic Growth to Remain Robust

PHNOM PENH, CAMBODIA (6 April 2017) — Cambodia’s economy is expected to remain strong over the next 2 years, driven by solid garment and footwear exports, construction and real estate activities, rising government expenditure, and a moderate recovery in agricultural production, says a new Asian Development Bank (ADB) report released today.

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ADB Lao PDR Resident Mission OIC Steven Schipani and Vice Minister of Finance Thipphakone Chanthavongsa signed the loan and grant agreement in a ceremony in Vientiane.

ADB Lao PDR Resident Mission OIC Steven Schipani and Vice Minister of Finance Thipphakone Chanthavongsa signed the loan and grant agreement in a ceremony in Vientiane attended by other government officials. Photo: ADB

ADB Support to Strengthen Health Security in Lao PDR, Mekong Region

VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (3 February 2017) — The Asian Development Bank and the Government of Lao People’s Democratic Republic today signed an agreement for a $12 million loan and grant package for a health security project.

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The Greater Mekong Subregion is promoted as a single destination for international visitors. It develops tourism that is profitable, pro-poor, and ecologically sustainable.

The Greater Mekong Subregion is promoted as a single destination for international visitors. It develops tourism that is profitable, pro-poor, and ecologically sustainable. Photo: ADB.

10 Things to Know about the Greater Mekong Subregion

The countries of the Greater Mekong Subregion (GMS) have undergone an amazing transformation since 1992, and more changes are on the way. Here are 10 things you might not know about this dynamic subregion.

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