Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

ADB - Asian Development Bank : Multi-Billion Dollar Mekong Region Investments Discussed

08/07/2013 | 02:57am EST

Development projects to be considered under the GMS Regional Investment Framework may involve energy and power market integration; environment and biodiversity; agriculture; human resource development; tourism; transport; urban development; and trade facilitation. Photo: R. Ishenaliev/ADB

BANGKOK, THAILAND-Ministers and senior government officials from the six Greater Mekong Subregion (GMS) countries met today to discuss multi-billion dollar projects and activities that will be pursued under the Regional Investment Framework (RIF) as the means of widening and deepening economic corridors.

"The RIF aims to accelerate the transformation of traditional infrastructure corridors to economic corridors using a multi-sector approach. It places a greater emphasis on strengthening rural-urban and cross-border linkages to bring the benefits of cooperation to a wider reach of people," said Stephen Groff, Vice President at the Asian Development Bank (ADB), which acts as the GMS Secretariat.

Projects to be considered may involve energy and power market integration; environment and biodiversity; agriculture; human resource development; tourism; transport; urban development; and trade facilitation.

The RIF looks to ensure investments for corridor development are demand driven; balance external and domestic connectivity and trade; carefully assess regional dimensions of national projects; and prioritize urban development projects such as special economic zones, logistics, and investments linking remote areas with trade gateways.

Some of the RIF's proposed projects for the next five to 10 years were presented at today's Economic Corridors Forum to gather strategic and policy views on projects that will support a more integrated, prosperous, and equitable Mekong subregion. The final RIF pipeline is expected to be officially endorsed at the 19th GMS Ministerial Conference in Vientiane, Lao People Democratic Republic in December 2013.

A Business Opportunity Forum to be held on 8 August in Bangkok will showcase to development partners and private sector representatives selected projects under consideration for funding through the RIF.

distributed by

© Publicnow 2013
Latest news "Economy & Forex"
03:04pBrexit negotiations restart in person as clock ticks down
RE
02:49pCanada blocks bulk exports of some prescription drugs in response to Trump import plan
RE
01:42pEuropean Commission leans on Barnier to reach trade deal with UK-The Times
RE
01:22pU.S. CDC reports 263,956 deaths from coronavirus
RE
01:13pFormer Zappos CEO Tony Hsieh dies at 46
RE
01:05pMINISTRY OF EXTERNAL AFFAIRS OF REPUBLIC OF IN : Visit of External Affairs Minister to Republic of Seychelles (November 27-28, 2020)
PU
12:50pRussia's Nord Stream 2 to resume pipe-laying work this year
RE
12:16pUK says tough tiers needed as PM tries to see off lawmaker backlash
RE
12:16pPublic Transit Agencies Slash Services, Staff as Coronavirus Keeps Ridership Low
DJ
12:06pRussia's Nord Stream 2 to resume pipe-laying in Germany's Exclusive Economic Zone
RE
Latest news "Economy & Forex"