GMS in the News

Khamking Koemany is a homestay provider on Don Khon Island, one of the popular sites for tourists visiting the Four Thousand Islands group on the Mekong River in Champasack Province. His business has flourished since he received training in tourism services under the GMS Sustainable Tourism Development Project. Photo: ADB.

Lao PDR and the Greater Mekong Subregion: Expanding Opportunities for Growth

Blessed with rich natural resources and a strategic location at the heart of the Greater Mekong Subregion, the Lao People’s Democratic Republic has emerged from decades of turmoil and isolation to become one of the fastest growing economies in Southeast Asia since 2011.

Lao PDR Deputy Minister of Finance Ms. Thipphakone Chanthavongsa (right) and ADB Country Director for Lao PDR Mr. Yasushi Negishi (left) after signing the grant agreement on 6 September 2018 in Vientiane. Senior officials from line ministries witnessed the signing.  

ADB, Lao PDR Sign Agreement to Promote Sustainable, Climate-Smart Agribusiness

VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (7 September 2018) — The Asian Development Bank and the Government of the Lao People’s Democratic Republic signed an agreement for a $40.5 million grant for the Climate-Friendly Agribusiness Value Chains Sector Project that will help farmers and agribusinesses develop sustainable and climate-smart agriculture value chains in the country.

Rural communities in the Greater Mekong Subregion are vulnerable to climate-related disasters, such as floods, droughts, and storms. Risk financing can help people protect their livelihood and productive assets better through a combination of risk retention, risk sharing, and risk transfer mechanisms. Photo: ADB.

How Risk Financing Can Help Mekong Farmers Cope with Disasters

Risk financing can help at-risk communities better cope with the economic costs of natural disasters and extreme weather.

ADB to Help Mitigate Risk of Floods, Droughts in Lower Mekong Basin

MANILA, PHILIPPINES (7 November 2012) - The Asian Development Bank and Australian Agency for International Development will provide an $87.39 million package of loans and grants to help Lao People's Democratic Republic and Viet Nam pair infrastructure upgrades with community-based disaster risk management and enhanced regional forecasting to improve flood and drought preparedness in the Greater Mekong Subregion.

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