FOLLOWING THE launch of its ambitious Silk Road Economic Belt and 21st Century Maritime Silk Road (Belt and Road) initiative in a big way, China followed it up with last month’s official inauguration of the Asian Infrastructure Investment Bank (AIIB), which is now operational.
Tag: ADB
ADB Supports Cambodia’s Push to Develop New Environmental Plan
The Asian Development Bank (ADB) is supporting the Government of Cambodia to develop a National Environmental Strategy and Action Plan (NESAP) to help the country achieve its sustainable development goals.
The NESAP will prioritize policy tools and financing options to ensure that environmental protection and sustainable natural resource management are pillars of economic development. The plan was introduced to senior officials from 17 ministries, as well as development partners, at an ADB-supported workshop held in Phnom Penh on November 2, according to ADB.
“The NESAP is a strategy for all government ministries as well as the private sector, civil society, and development partners to integrate environmental concerns into economic policies and investments,” said Say Samal, Minister of Environment, in opening remarks at the start of the workshop. He added that all stakeholders would need to work closely together to achieve the NESAP aims.
INFOGRAPHIC: Taking Action for Inclusive and Sustainable Development in the Greater Mekong Subregion
Cooperation in the Greater Mekong Subregion is helping countries in the area make progress towards the new global Sustainable Development Goals.
Multilateral Development Banks and Safeguards
Independent evaluations at multilateral development banks (MDBs) have called for a reform of the system of safeguards that they use to deflect potential damages to communities and the environment associated with the investments they finance. Without such mitigation, roads can harm habitats, dams displace communities and slum rebuilding hurt livelihoods.
Asia’s ‘infrastructure gap’ threatens to hamper growth
Looking out at bumper-to-bumper Monday morning traffic crawling along the Philippine capital’s main avenue, taxi driver Ranilo Banez shook his head in frustration.
Myanmar seeks over $100m for Asean connectivity project
Myanmar’s Construction Ministry is seeking the parliamentary approval for a US$120 million loan to upgrade the Kawkareik-Mawlamyine-Thaton Road, a part of the Greater Mekong East-West Economic Corridor. It plans to borrow US$100 million from the Asian Development Bank (ADB) and $20 million from the bank’s Asean Infrastructure Fund.