The Asian Development Bank (ADB) approved a $3,000,000 technical assistance to support the implementation of initiatives to accelerate trade and cross-border investment between small and medium-sized enterprises (SMEs) of Cambodia, Thailand, Viet Nam—member countries of the Greater Mekong Subregion (GMS) program—and India. This ADB-administered technical assistance is financed by the United Kingdom Fund for Asia Regional Trade and Connectivity under the Regional Cooperation and Integration Financing Partnership Facility.
A pilot project has developed night markets in selected border towns in the Greater Mekong Subregion (GMS) to take advantage of the economic opportunities opened by infrastructure projects in the area.
Cambodia wants to transform its capital Phnom Penh into a clean, green, and competitive city. It has launched a sustainable city plan for 2018–2030.
The International Finance Corporation is partnering with Thailand-based Amata Corporation to develop sustainability projects for cities, towns, and industrial zones in the Greater Mekong Subregion. The projects will promote green growth and sustainable design practices.
Vulnerable towns in Cambodia, Lao People’s Democratic Republic, and Viet Nam are using “green infrastructure” to stave off the impacts of climate change.
Green infrastructure can play a significant role in offsetting losses from climate-related disasters and contribute to building resilience through rehabilitation and expansion of natural ecosystems within built areas.