Green Finance Strategies for Post-COVID-19 Economic Recovery in Southeast Asia: Greening Recoveries for Planet and People

This publication examines innovative finance mechanisms for government recovery strategies that can incentivize green infrastructure investment in developing Asia and support the fight against the coronavirus disease (COVID-19) pandemic.


Project Readiness Improvement Trust Fund: Promoting Readiness of Climate Resilient Investments in Southeast Asia

ADB’s Multi-Donor Project Readiness Improvement Trust Fund (PRI Fund) has been supporting Southeast Asia to build a pipeline of climate resilient design- and procurement-ready infrastructure projects. Watch the video showing how the PRI Fund helps such investments become shovel ready, innovative and catalytic, featuring Lao PDR’s Sustainable Rural Infrastructure and Watershed Management Sector Project.

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ADB to Help Improve Water Resources of River Basin in Yunnan, PRC

The Asian Development Bank (ADB) has approved a $100 million loan to clean up water resources and the environment of the Sayu River Basin in Yunnan Province, the People’s Republic of China (PRC).

The Sayu River Basin is an important area for ecological protection in the upper Yangtze River Basin. It is the only centralized drinking water source in Zhaotong City in Yunnan.

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ADB Supports Thailand’s Green, Social, and Sustainability Bonds for COVID-19 Recovery

The Asian Development Bank (ADB) is assisting the Government of Thailand in designing, issuing, and monitoring innovative capital market initiatives as part of the country’s recovery from the coronavirus disease (COVID-19) pandemic in a manner aligned with the 2015 Paris Agreement and the UN Sustainable Development Goals.

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Top row, left to right: Dr. Danucha Pichayanan, Deputy Secretary General, Office of the National Economic and Social Development Council (Thailand); Mr. Liu Weihua, Deputy Director General, Department of International Economic and Financial Cooperation, Ministry of Finance (PRC); Mr. Alfredo Perdiguero, Director, SERC, ADB. Middle row: Mr. Than Aung Kyaw, Director General, FERD, Ministry of Investment and Foreign Economic Relations (Myanmar). Bottom row, left to right: Ms. Sisomboun Ounavong, Director General, Department of International Cooperation, Ministry of Planning and Investment (Lao PDR); Dr. Pham Hoang Mai, Director General, Foreign Economic Relations Department, Ministry of Planning and Investment (Viet Nam); and H.E. Mr. Ros Seilava, Secretary of State, Ministry of Economy and Finance (Cambodia) 

GMS Senior Officials’ Meeting Reviews COVID-19 Response Initiatives and Prepares for Upcoming Events

A GMS Senior Officials Meeting (SOM) was held on 11 September 2020 via web-based conferencing to review (i) proposed key GMS strategic planning documents and knowledge products, which includes GMS COVID-19 response initiatives and the new long-term strategy for the GMS program, and (ii) preparations for upcoming GMS events—the 11th Economic Corridors Forum (ECF-11), the 24th GMS Ministerial Conference (MC-24), and the 7th GMS Summit (Summit-7).  

Events

The Beijing Ruentex Environment Technology Group is a designated destination for disposing “medical wastes related to COVID-19” and “domestic wastes related to COVID-19” by the Beijing Municipal Emergency Response Headquarters for COVID-19 Caused Pneumonia. The company developed emergency plans and measures, and scientifically allocated resources for the disposal of epidemic-related medical wastes. Photo by ADB.

The Lopburi solar power plant in central Thailand. Photo by ADB.

Eight Priorities for Kickstarting Post-Pandemic Green and Resilient Recovery in the GMS

The coronavirus disease (COVID-19) pandemic has disrupted people’s health and well-being, led to widespread job loss, and created extraordinary uncertainty with long-lasting effects. As with climate change, the pandemic has disproportionately affected the most vulnerable people across the globe, including those in the Greater Mekong Subregion (GMS).  

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The GMS Biodiversity Conservation Corridors Project in Viet Nam provided alternative incomes to K’ho natives like Cil Yu Ha Vuong, who patrols the forest with his fellow community members. Photo by ADB.

Post-Pandemic Priorities for Biodiversity Conservation and Wildlife Management in the GMS

The coronavirus disease (COVID-19) pandemic has proved how human health, animal health, plant health, and the health of the environment are all closely interconnected as “One Health”. “We have seen many diseases emerge over the years. Most of them originated from animal populations under conditions of severe environmental pressures,” said Mr. Ramesh Subramaniam, Director General, Southeast Asia Regional Department, speaking at the opening of the Greater Mekong Subregion (GMS) Working Group Meeting on Environment held via video conferencing on 23 June 2020.  

GMS in the News