The Association of Southeast Asian Nations (ASEAN) have identified 19 priority infrastructure projects to enhance regional connectivity and mobilize investments. Fifteen of the projects are in the Greater Mekong Subregion.
NAY PYI TAW, MYANMAR (2 January 2019) — The Asian Development Bank signed an agreement on 21 December 2018 to provide a $10 million equity investment to Ascent Myanmar Growth Fund I LP, a Myanmar-focused private equity fund, to provide much-needed capital investment for the growth and expansion of small and medium-sized enterprises operating in the Southeast Asian country.
Financial resource mobilization by the Malaria Trust Fund has helped eradicate malaria and build strong foundations for health systems in the Greater Mekong Subregion.
Pilot projects in the Greater Mekong Subregion are helping increase small farmers’ income by enhancing their access to the lucrative organic food market using a community-based certification system.
The six countries of the Greater Mekong Subregion have agreed to extend the “early harvest” implementation of their Cross-Border Transport Facilitation Agreement (CBTA) for 2 years.
YANGON, MYANMAR (3 April 2019) — Myanmar’s economic growth is expected to pick up in 2019 and 2020, thanks to higher foreign direct investment and positive responses to the government’s economic and policy reforms.