Asian Development Bank and Cambodia: Fact Sheet
ADB is one of Cambodia’s largest sources of official development assistance, with average annual lending of $368.3 million in 2018–2022.
ADB is one of Cambodia’s largest sources of official development assistance, with average annual lending of $368.3 million in 2018–2022.
This brochure outlines how ADB partners with the ASEAN to strengthen regional cooperation and integration to help drive growth, a green recovery, and inclusion.This includes support for capacity building, knowledge sharing, and policy dialogues for the B-I-G Capacity Building Program for Connectivity for Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA), the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT), and the Greater Mekong Subregion (GMS).
The Government of Cambodia on 30 May 2022 hosted the Mekong Dialogue on Labor Mobility chaired by Chuop Narath, Deputy Director General of the Ministry of Labour and Vocational Training. The meeting discussed the promotion of safe migration, healthy labor mobility, and effective reintegration to support sustainable and inclusive development of the region.
Migrant workers are essential to economic and social development across the Greater Mekong Subregion. They compensate for a growing shortage of labor and contribute substantially towards the economic well-being of many households through remittances.
The summit is the highest forum in the Greater Mekong Subregion (GMS) Economic Cooperation Program where the leaders from the six GMS countries can (i) review and assess the progress made under the program; (ii) renew their commitment to subregional cooperation and its goals; (iii) provide support at the highest political level to the program, its projects, and activities; and (iv) provide broad directions for landmark initiatives under the GMS Program. GMS summits are normally held every 3 years.
Thailand’s Ministry of Commerce’s Trade Policy and Strategy Office (TPSO) organized the CLMVT+ Forum 2021 on 24-26 August. The forum highlighted the TPSO study emphasizing the importance of achieving an even economic recovery in the GMS.
The 14th Mekong-Japan Foreign Ministers’ Meeting was held on 6 August 2021 chaired by Mr. Motegi Toshimitsu, Minister for Foreign Affairs of Japan, and attended by Foreign Ministers of the Mekong subregion. The meeting underscored that Japan will (i) continuously support mutual development through the Mekong-Japan cooperation framework, and (ii) help Mekong countries overcome the fight against COVID-19.