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Greater Mekong Subregion

Home : Regions and Countries : Regional Cooperation : Regional Cooperation Initiatives : Greater Mekong Subregion : The GMS Program

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Institutional Arrangements
ADB's Role in Regional Cooperation
Progress and Achievements
 
GMS Program

The GMS Program

Since 1992, the countries of the Greater Mekong Subregion (GMS) have embarked on a program of economic cooperation (the GMS Program) that aims to promote development through closer economic linkages.

The GMS Program, with support from ADB and other donors, helps the implementation of high priority subregional projects in transport, energy, telecommunications, environment, human resource development, tourism, trade, private sector investment, and agriculture.

Substantial progress has been achieved in terms of implementing GMS projects since 1992. Priority infrastructure projects worth nearly US$10 billion have either been completed or are being implemented. Among these are the upgrading of the Phnom Penh (Cambodia)-Ho Chi Minh City (Viet Nam) highway and the East-West Economic Corridor that will eventually extend from the Andaman Sea to Da Nang. A significant amount of resources has been mobilized for the GMS Program.

As of end of December 2007, the 34 GMS projects cost an estimated US$9.9 billion of which ADB has

  • extended loans amounting to US$3.4 billion
  • generated US$3.5 billion in cofinancing for these investment projects
  • mobilized a total of US$166 million of grant resources, of which US$76 million have been provided by ADB, to finance 146 technical assistance focusing on human resource development, tourism, environment, trade and investment.


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Institutional Arrangements