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Regions and Countries Regional Cooperation Greater Mekong Subregion Economic Corridors
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GMS Economic CorridorsEconomic corridors and the GMS Program vision.The GMS countries adopted the economic corridor approach to development during the 8th GMS Ministerial Meeting held in Manila in 1998. This holistic strategy seeks to improve and enhance investments in transport, energy, and telecommunications in the subregion. A highly efficient transport system means goods and people move around the subregion without excessive cost or delay. This improvement promotes further economic growth and regional development, thus contributing to poverty reduction. Economic corridors and the Asian Development Bank. ADB supports this initiative through a regional technical assistance for the development study for GMS Economic Corridors. This technical assistance has conducted various studies and has formulated strategies to develop the GMS economic corridors, in consultation with the member countries. How else does ADB support economic corridor development? |
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