Thailand's Minister of Finance and ADB Governor Mr. Apisak Tantivorawong (left) and ADB Director General for Southeast Asia Mr. Ramesh Subramaniam (right). Photo: ADB.

ADB to Help Upgrade Highways, Improve Road Safety in Thailand

BANGKOK, THAILAND (4 July 2018) — The Asian Development Bank and the Government of Thailand today signed a $99.4 million loan agreement to help the country upgrade 125 kilometers of highways and improve road safety management in the country’s northeastern region.

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GMS Countries to Strengthen Regional Cooperation on Food Safety, Agriculture

PU’ER CITY, PEOPLE’S REPUBLIC OF CHINA (31 May 2018) — Senior agriculture officials from the six member countries of the Greater Mekong Subregion agreed to increase regional cooperation in food safety, boost the trading of climate-friendly agriculture products, and accelerate the implementation of the five-year GMS Strategy and Siem Reap Action Plan endorsed by the Second GMS Agriculture Ministers’ Meeting.

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The Asian Development Bank projects gross domestic product growth for the People's Republic of China to continue to moderate to 6.6% in 2018 and 6.4% in 2019, following last year’s exceptional 6.9% rate. Photo: ADB.

PRC Growth to Hit 6.6% in 2018 — ADB Report

HONG KONG, CHINA (11 April 2018) — Strong consumer spending, rising exports, and steady public spending are helping the world’s second largest economy maintain its growth momentum, but tax and other structural reforms are needed in the People’s Republic of China for continued inclusive and sustainable development, according to a new report by the Asian Development Bank.

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Policies to support ease of doing business will boost entrepreneurship, deepen the integration of local businesses in the manufacturing sector, and create more and better jobs in Cambodia. Photo: ADB.

ADB Forecasts Robust Growth for Cambodia, Sees Risks to Competitiveness

PHNOM PENH, CAMBODIA (11 April 2018) — Cambodia’s economy is expected to grow at 7% in 2018 and 2019, bolstered by solid global economic growth, according to the Asian Development Bank's flagship annual economic publication, Asian Development Outlook 2018, released today.

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ADB President Congratulates Greater Mekong Subregion on 25 Years of Successful Cooperation

HA NOI, VIET NAM (31 March 2018) — Asian Development Bank President Takehiko Nakao today congratulated the six member countries at the Summit of the Greater Mekong Subregion on 25 years of successful regional cooperation. He reaffirmed ADB’s continued support to the program, with $7 billion expected over the next 5 years to help the subregion achieve inclusive growth and sustainable development.

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ADB's financing will support B.Grimm Power’s implementation of the ASEAN Distributed Power Project, which will expand renewable and distributed power generation into new markets in Southeast Asia. Five countries in the Greater Mekong Subregion—Cambodia, Lao People's Democratic Republic, Myanmar, Thailand, and Viet Nam—are members of ASEAN. Photo: ADB.

ADB, B.Grimm Power Expand Support for Renewable Energy in ASEAN

BANGKOK, THAILAND (23 February 2018) — The Asian Development Bank signed a loan equivalent of up to $235 million with B.Grimm Power Public Company Limited, one of the largest power producers in Thailand, to develop and enhance renewable energy capacity in member countries of the Association of Southeast Asian Nations.

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