The economic corridors of the Greater Mekong Subregion are not just roads or highways, but they encompass a variety of economic activities that run parallel to main transport routes. Photo: ADB.
Sometimes misunderstood as highway projects, the concept of economic corridors can be complex and confusing. Though not simple, they are powerful tools for reducing poverty and increasing economic growth.
Shop owners see a rise in sales as better roads bring in more customers. Photo: ADB.
Economic corridors, like the East-West Corridor running through the Greater Mekong Subregion, are much more than just highways. They link a variety of economic activities and have wide-ranging impacts.
The road project is expected to improve travel between Yangon (in photo), Myanmar’s largest city, and Mae Sot in western Thailand. Photo credit: ADB.
The Myanmar government recently approved a project that will ensure the completion of the Greater Mekong Subregion East-West Economic Corridor, which stretches from Danang, Viet Nam to Yangon, Myanmar.
An expected recovery in global food and fuel prices will help boost commodity production in Southeast Asia. Photo: ADB.
Economic growth in Southeast Asia is trending up with nearly all countries showing bright prospects. The Asian Development Bank (ADB) forecasts gross domestic product (GDP) to grow at an average of 4.8% in 2017 and 5% in 2018, from 4.7% in 2016.
Growth for the People's Republic of China is expected to moderate to 6.5% in 2017 and 6.2% in 2018. Photo: ADB.
HONG KONG, CHINA (6 April 2017) — The People’s Republic of China (PRC) needs to accelerate structural reforms in order to boost productivity and sustain growth momentum, says a new Asian Development Bank report.
Myanmar’s growth should accelerate over the next couple of years on the back of firming recovery in the major industrial economies and the government’s continued reforms. Photo: ADB.
YANGON, MYANMAR (6 April 2017) — Myanmar’s growth should accelerate this year and the next, driven by a firming recovery in the major industrial economies and the government’s continued reforms, says a new Asian Development Bank (ADB) report launched today.
Lao PDR's economic growth is picking up in 2017 and 2018, supported by the expansion of production and sales of electricity as well as buoyant services sector growth, among others. Photo: ADB.
VIENTIANE, LAO PDR (6 April 2017) — Economic growth is picking up in the Lao People’s Democratic Republic’s (Lao PDR) in 2017 and 2018, supported by the expansion of production and sales of electricity, a buoyant services sector growth, and construction of the cross-border railway project, says a new Asian Development Bank report released today.
Cambodia’s economy is expected to remain strong over the next couple of years partly driven by solid garment and footwear exports. Photo: ADB.
PHNOM PENH, CAMBODIA (6 April 2017) — Cambodia’s economy is expected to remain strong over the next 2 years, driven by solid garment and footwear exports, construction and real estate activities, rising government expenditure, and a moderate recovery in agricultural production, says a new Asian Development Bank (ADB) report released today.
ADB Lao PDR Resident Mission OIC Steven Schipani and Vice Minister of Finance Thipphakone Chanthavongsa signed the loan and grant agreement in a ceremony in Vientiane attended by other government officials. Photo: ADB
VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (3 February 2017) — The Asian Development Bank and the Government of Lao People’s Democratic Republic today signed an agreement for a $12 million loan and grant package for a health security project.
The Greater Mekong Subregion is promoted as a single destination for international visitors. It develops tourism that is profitable, pro-poor, and ecologically sustainable. Photo: ADB.
The countries of the Greater Mekong Subregion (GMS) have undergone an amazing transformation since 1992, and more changes are on the way. Here are 10 things you might not know about this dynamic subregion.
Greater Mekong Subregion Secretariat
Regional Cooperation and Operations Coordination Division,
Southeast Asia Department, Asian Development Bank
Address: 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines
Telephone: +63 2 8632 4444 Fax: +63 2 8636 2226