Economic zones are growth engines of the Greater Mekong Subregion, stimulating economic activity and creating jobs. Yet, not much attention has been given to the social and health aspects of economic zone development until recently.
VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (31 July 2018) — The Asian Development Bank’s Board of Directors has approved a $40.5 million grant to help farmers and agribusinesses develop sustainable and climate-smart agriculture value chains in the Lao People’s Democratic Republic.
A comprehensive grievance redress mechanism used a wide range of tools, institutions, and approaches to resolve project complaints and mitigate potential issues.
The Lao People’s Democratic Republic lies at the heart of the Greater Mekong Subregion and its economic corridors . However, the country has yet to maximize benefits from the subregion’s investments in infrastructure and services.
Countries in the Greater Mekong Subregion recognize how a health impact assessment framework can help ensure that both businesses and communities benefit from economic zone development.
Cambodia and the Lao People’s Democratic Republic have agreed to strengthen joint efforts to fight illegal fishing practices and increase fish stock in the Mekong-Sekong basin.
The Lao National Chamber of Commerce and Industry on 5 July launched the Lao Provincial Facilitation of Investment and Trade Index (ProFIT), which rates economic governance at the provincial level according to feedback from the country's small and medium enterprises.
The World Bank approved in June $110 million in additional financing to improve the condition, safety, and climate resilience of a key highway in Cambodia.
Asian Development Bank President Takehiko Nakao and People’s Republic of China Secretary of the Party Leadership Group and Vice President of the Development Research Center Ma Jiantang discussed the possibility of conducting joint knowledge work on regional cooperation.