The Government of Japan's Grant is the first seed financing to be announced for the Energy Transition Mechanism, which is being studies and piloted in Southeast Asia, starting with Indonesia and the Philippines.

Japan Announces $25 Million for ADB-Led Energy Transition Mechanism in Southeast Asia

The Government of Japan today announced a grant of $25 million toward the Energy Transition Mechanism (ETM) partnership led by the Asian Development Bank (ADB).

ADB News

New ADB Facility to Help Southeast Asia Revive Tourism and Boost Sustainable, Inclusive Investments

 The Asian Development Bank (ADB) has set up a $1.7 million technical assistance facility to accelerate Southeast Asia’s tourism recovery from the coronavirus disease (COVID-19) pandemic, boost inclusive, sustainable development in the sector, and help local tourism entrepreneurs, especially women and youth, adopt digital platforms to grow their businesses.

 

ADB News

ADB Support for Subregional Programs Emphasized at ASEAN High-level Forum on Subregional Cooperation

The ASEAN High-level Forum on Subregional Cooperation for Sustainable Development and Inclusive Growth initiated by the Government of Viet Nam on 30 November 2021 provided a platform for ASEAN Member States, subregional frameworks, external partners, international organizations, and the private sector to discuss opportunities and challenges in subregions in the ASEAN. The Forum held the following sessions:  

GMS in the News

Viet Nam Industry 4.0 Summit 2021 Promotes Industrialization and Modernization in the Digital Age

The Viet Nam Industry 4.0 Summit 2021 highlighted the creation of a sustainable socioeconomic recovery and growth in Viet Nam in the post-COVID-19 era, and promoted industrialization and modernization in the digital age.  

Mr. Andrew Jeffries, Country Director for ADB Viet Nam Resident Mission, joined the plenary discussion on post-pandemic economic recovery and digital transformation as a new vehicle for green recovery on 5 December 2021.  

GMS in the News

ADB-UNIDO Workshop Emphasizes Fourth Industrial Revolution (4IR) in Cambodia

The Asian Development Bank (ADB) and the United Nations Industrial Development Organization (UNIDO), in collaboration with the Ministry of Industry, Science, Technology and Innovation and the Ministry of Economic and Finance of the Government of Cambodia, held a virtual discussion on the status of Cambodia’s fourth industrial revolution (4IR) and pathways for the country’s transformation to this new industrial model by 2030 on 7-8 December 2021.  

GMS in the News

GMS Climate Change and Environmental Sustainability Program Inception Workshop

The GMS Climate Change and Environmental Sustainability Program (CCESP) Inception Workshop was held online on 23–24 September 2021, which gathered more than 100 participants from the different GMS countries. The workshop was co-hosted and co-chaired by the Asian Development Bank (ADB) and the Ministry of Natural Resources and Environment of the Government of the Lao People’s Democratic Republic (Lao PDR). The event formally marks the start of the implementation of ADB's TA 9915 or the GMS CCESP.

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