YANGON, MYANMAR (11 April 2018) — Myanmar’s economy is projected to stay on a steady growth path over the next two years, supported by economic reforms, strong global growth, and higher foreign direct investment flows, according to a new Asian Development Bank report launched today.
HONG KONG, CHINA (11 April 2018) — Strong consumer spending, rising exports, and steady public spending are helping the world’s second largest economy maintain its growth momentum, but tax and other structural reforms are needed in the People’s Republic of China for continued inclusive and sustainable development, according to a new report by the Asian Development Bank.
PHNOM PENH, CAMBODIA (11 April 2018) — Cambodia’s economy is expected to grow at 7% in 2018 and 2019, bolstered by solid global economic growth, according to the Asian Development Bank's flagship annual economic publication, Asian Development Outlook 2018, released today.
HA NOI, VIET NAM (31 March 2018) — Asian Development Bank President Takehiko Nakao today congratulated the six member countries at the Summit of the Greater Mekong Subregion on 25 years of successful regional cooperation. He reaffirmed ADB’s continued support to the program, with $7 billion expected over the next 5 years to help the subregion achieve inclusive growth and sustainable development.
BANGKOK, THAILAND (23 February 2018) — The Asian Development Bank signed a loan equivalent of up to $235 million with B.Grimm Power Public Company Limited, one of the largest power producers in Thailand, to develop and enhance renewable energy capacity in member countries of the Association of Southeast Asian Nations.
The Asian Development Bank announced the winners of its Instagram photo contest, which was held to showcase the development progress in the Greater Mekong Subregion in celebration of the 25th anniversary of the GMS program.
HONG KONG, CHINA (2 February 2018) — The Asian Development Bank today signed a $100 million loan facility agreement with China Everbright International Limited to help a series of municipal waste-to-energy plants in primary and secondary cities in the Mekong Delta.
BANGKOK, THAILAND (25 January 2018) — The Asian Development Bank’s Trade Finance Program called for greater financial integration, including the development of trade finance, among Greater Mekong Subregion countries at a recent conference for trade finance professionals, central banks, and government ministries in Bangkok.
PHNOM PENH, CAMBODIA (9 January 2018) — The Asian Development Bank today signed three project loan agreements with the Government of Cambodia to provide support for road network improvement, provincial water supply and sanitation, and smallholder farmers development in Tonle Sap.
MANILA, PHILIPPINES (8 January 2018) — The Asian Development Bank today launched a photo contest on Instagram to showcase the development progress in the Greater Mekong Subregion and demonstrate how a focus on increased regional cooperation and integration can improve people’s lives.