PHNOM PENH, CAMBODIA (4 August 2011) - Countries in the Greater Mekong Subregion (GMS) are poised to move the GMS Economic Cooperation Program into a second generation of initiatives over the next 10 years.
The Greater Mekong Subregion is working to improve the quality of life and economic vibrancy of its cities and towns by using global best practices in urban development.
By 2050, the Greater Mekong Subregion is expected to be at least 50% urbanized. This will bring vast changes to the economies of the subregion. What was once a primarily agricultural area is transforming into a place where cities and towns are the main drivers of economic growth. Careful planning is needed to balance urban growth with environmental protection and economic equity so that healthy cities can be enjoyed by all residents.
The Greater Mekong Subregion is working to improve the quality of life and economic vibrancy of its cities through the development of national strategies and projects that incorporate global best practices into the subregion’s urban development. This work has included the first and second Corridor Towns Development Project, which is developing competitive and environmentally friendly cities along vital economic arteries in the subregion. Cross-border economic zones are also being developed.
VIENTIANE, LAO PDR (30 June 2011) – Progress in developing the economic corridors in the Greater Mekong Subregion will be a key indicator of the success of the GMS Economic Cooperation Program, delegates at today's Third Economic Corridors Forum meeting heard.
This publication outlines the GMS Economic Cooperation Program (GMS Program) which was initiated in 1992 with the support of ADB. It aims to promote economic cooperation among Cambodia, People's Republic of China (PRC), Lao People's Democratic Republic (Lao PDR), Myanmar, Thailand, and Viet Nam.
The GMS Program covers nine priority sectors: transportation, telecommunications, energy, environment, human resource development, trade, investment, tourism, and agriculture.